BKLN Stock Summary and Trading Ideas (Invesco Senior Loan ETF | ARCA:BKLN)

The Invesco Senior Loan ETF (Fund) is based on the Morningstar LSTA US Leveraged Loan 100 Index (Index). The Fund will normally invest at least 80% of its total assets in the component securities that comprise the Index. The Index is designed to track the market-weighted performance of the largest institutional leveraged loans based on market weightings, spreads and interest payments. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The Fund and the Index are rebalanced and reconstituted bi-annually, in June and December.

Invesco Senior Loan ETF trades on the ARCA stock market under the symbol BKLN.

As of May 10, 2024, BKLN stock price declined to $21.20 with 5,149,214 million shares trading.

BKLN has a beta of 0.14, meaning it tends to be less sensitive to market movements. BKLN has a correlation of 0.42 to the broad based SPY ETF.

BKLN has a market cap of $7.79 billion. This is considered a Mid Cap stock.

In the last 3 years, BKLN stock traded as high as $22.31 and as low as $20.06.

BKLN has underperformed the market in the last year with a price return of +10.7% while the SPY ETF gained +27.8%. BKLN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.6% and +0.6%, respectively, while the SPY returned +4.2% and +2.5%, respectively.

BKLN support price is $21.18 and resistance is $21.24 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BKLN stock will trade within this expected range on the day.