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AdvisorShares Peritus High Yield ETF Lists Options on Chicago Board Options Exchange
Jan 07, 2013 (Close-Up Media via COMTEX) --
AdvisorShares, a sponsor of 17 actively managed exchange-traded funds (ETFs), announced that the AdvisorShares Peritus High Yield ETF, a high yield actively-managed ETF has met listing requirements of the Chicago Board Options Exchange (CBOE) and that HYLD options are now listed for trading on the CBOE.
"This marks another exciting advance for actively managed ETFs as investors and financial advisors now have another way to access strategies that can provide ways to insure a portfolio," said Noah Hamman, CEO of AdvisorShares. "We believe HYLD is at a competitive advantage as its options provide a feature that actively managed mutual funds can't afford, as well as its ability to invest in larger high yield bond tranches than other ETFs. Having HYLD meeting CBOE listing requirements further reinforces the continuing growth and interest by investors in actively managed ETFs."
A security must satisfy CBOE requirements before listing options for its distribution that includes possessing a certain number of outstanding shares, which must be owned by a minimum number of shareholders. Otherwise, ownership of the security is deemed too highly concentrated.
More information:
http://hyld.advisorshares.com
((Comments on this story may be sent to newsdesk@closeupmedia.com))
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