Junk Bond ETF Yielding Over 6% Sees Record Bearish Bets
December 24, 2012 at 11:33 AM EST
Some traders are betting against a high-yield bond ETF with over $16 billion in assets that has posted strong performance this year as investors stretch for income. These bearish traders expect a turnaround in junk debt and are using ETF options to express their view. Short interest in iShares...