Wolverine Trading, Llc ownership in BKLN / Invesco Exchange-Traded Fund Trust II - Invesco Senior Loan ETF - 13F, 13D, 13G Filings

Invesco Exchange-Traded Fund Trust II - Invesco Senior Loan ETF

US ˙ ARCA ˙ US46138G5080

Security	BKLN / Invesco Exchange-Traded Fund Trust II - Invesco Senior Loan ETF
Institution	Wolverine Trading, Llc
Latest Disclosed Ownership	11,724 shares
Latest Disclosed Value	$ 245,149

Wolverine Trading, Llc ownership in BKLN / Invesco Exchange-Traded Fund Trust II - Invesco Senior Loan ETF

On November 14, 2025 - Wolverine Trading, Llc filed a 13F-HR form disclosing ownership of 11,724 shares of Invesco Exchange-Traded Fund Trust II - Invesco Senior Loan ETF (US:BKLN) valued at $245,383 USD as of September 30, 2025. The entity filed a previous 13F-HR on August 18, 2025 disclosing 38,700 shares of Invesco Exchange-Traded Fund Trust II - Invesco Senior Loan ETF. This represents a change in shares of -69.71% during the quarter. The current value of the position is $240,459 USD.

Wolverine Trading, Llc has a history of taking positions in derivatives of the underlying security (BKLN) in the form of stock options. The firm currently holds call options representing 0 of underlying shares valued at $0 USD and put options representing 67,800 of underlying shares valued at $1,417,698 USD .

Note: prior versions of this page mistakenly stated that the share values represented the number of options, not the number of underlying shares. For more information on the data backing these reports, please see the SEC document Frequently Asked Questions About Form 13F.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Institutional Put/Call Ratios

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In addition to reporting standard equity and debt issues, institutions with more than 100MM assets under management must also disclose their put and call option holdings. Since put options generally indicate negative sentiment, and call options indicate positive sentiment, we can get a sense of the overall institutional sentiment by plotting the ratio of puts to calls. The chart to the right plots the historical put/call ratio for this instrument.

Using Put/Call Ratio as an indicator of investor sentiment overcomes one of the key deficiencies of using total institutional ownership, which is that a significant amount of assets under management are invested passively to track indices. Passively-managed funds do not typically buy options, so the put/call ratio indicator more closely tracks the sentiment of actively-managed funds.

BKLN / Invesco Exchange-Traded Fund Trust II - Invesco Senior Loan ETF Historical Put/Call Ratio

Disclosed Equity Positions (from 13F/NPORT Filings)

File Date	Effective Date	Form	Security	Class	ID	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2025-11-14	2025-09-30	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	46138G508	11,724	-26,976	-69.71	245	-69.68	0.0002
2025-08-18	2025-06-30	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	46138G508	38,700	26,042	205.74	809	208.40	0.0008
2025-05-15	2025-03-31	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	46138G508	12,658	12,658		262		0.0003
2024-11-14	2024-09-30	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	46138G508	0	-55,874	-100.00	0	-100.00
2024-08-14	2024-06-30	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	46138G508	55,874	36,630	190.35	1,176	188.70	0.0012
2024-05-15	2024-03-31	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	46138G508	19,244	19,244		407		0.0004
2023-05-15	2023-03-31	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	46138G508	0	-47,036	-100.00	0	-100.00
2023-02-14	2022-12-31	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	46138G508	47,036	47,036		966		0.0015
2022-05-16	2022-03-31	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	46138G508	0	-30,219	-100.00	0	-100.00
2022-02-14	2021-12-31	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	46138G508	30,219	-60,378	-66.64	666	-66.85	0.0008
2021-11-12	2021-09-30	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	46138G508	90,597	90,597		2,009		0.0023
2021-08-06	2021-06-30	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	46138G508	0	-16,453	-100.00	0	-100.00
2021-05-14	2021-03-31	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	46138G508	16,453	-373	-2.22	364	-2.67	0.0005
2021-02-12	2020-12-31	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	46138G508	16,826	16,826		374		0.0006
2020-11-13	2020-09-30	13F	INVESCO EXCHANGE-TRADED FD T	SR LN ETF	46138G508	0	-17,724	-100.00	0	-100.00
2020-08-13	2020-06-30	13F	INVESCO EXCHANGE-TRADED FD T	SR LN ETF	46138G508	17,724	17,724		375		0.0010
2020-05-11	2020-03-31	13F	INVESCO EXCHNG TRADED FD TR	SR LN ETF	46138G508	0	-36,431	-100.00	0	-100.00
2020-02-12	2019-12-31	13F	INVESCO EXCHNG TRADED FD TR	SR LN ETF	46138G508	36,431	36,431		827		0.0020
2019-11-14	2019-09-30	13F	INVESCO EXCHNG TRADED FD TR	SR LN ETF	46138G508	0	-24,802	-100.00	0	-100.00
2019-08-20	2019-06-30	13F	INVESCO EXCHNG TRADED FD TR	SR LN ETF	46138G508	24,802	24,802		562		0.0016

Disclosed Call Options

File Date	Effective Date	Form	Security	Class	Opt	Shares	ΔShares (%)	Value (x1000)	ΔValue (%)	Cost Basis (x1000)	Profit (x1000)	Return (%)
2023-05-15	2023-03-31	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	Call	0	-100.00	0	-100.00	n/a	n/a	n/a
2023-02-14	2022-12-31	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	Call	18,400		378		n/a	n/a	n/a
2022-05-16	2022-03-31	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	Call	0	-100.00	0	-100.00	n/a	n/a	n/a
2022-02-14	2021-12-31	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	Call	175,600		3,872		n/a	n/a	n/a
2021-11-12	2021-09-30	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	Call	0	-100.00	0	-100.00	n/a	n/a	n/a
2021-08-06	2021-06-30	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	Call	9,400	-29.32	208	-29.25	n/a	n/a	n/a
2021-05-14	2021-03-31	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	Call	13,300		294		n/a	n/a	n/a
2021-02-12	2020-12-31	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	Call	0	-100.00	0	-100.00	n/a	n/a	n/a
2020-11-13	2020-09-30	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	Call	56,900	50.93	1,236	54.89	n/a	n/a	n/a
2020-08-13	2020-06-30	13F	INVESCO EXCHANGE-TRADED FD T	SR LN ETF	Call	37,700		798		n/a	n/a	n/a
2019-11-14	2019-09-30	13F	INVESCO EXCHNG TRADED FD TR	SR LN ETF	Call	0	-100.00	0	-100.00	n/a	n/a	n/a
2019-08-20	2019-06-30	13F	INVESCO EXCHNG TRADED FD TR	SR LN ETF	Call	37,800		857		n/a	n/a	n/a

Disclosed Put Options

File Date	Effective Date	Form	Security	Class	Opt	Shares	ΔShares (%)	Value (x1000)	ΔValue (%)	Cost Basis (x1000)	Profit (x1000)	Return (%)
2025-11-14	2025-09-30	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	Put	67,800	-24.33	1,418	-24.31	n/a	n/a	n/a
2025-08-18	2025-06-30	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	Put	89,600	-18.62	1,873	-17.89	n/a	n/a	n/a
2025-05-15	2025-03-31	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	Put	110,100	817.50	2,280	804.76	n/a	n/a	n/a
2025-02-14	2024-12-31	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	Put	12,000		252		n/a	n/a	n/a
2024-11-14	2024-09-30	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	Put	0	-100.00	0	-100.00	n/a	n/a	n/a
2024-08-14	2024-06-30	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	Put	208,400	98.67	4,385	97.66	n/a	n/a	n/a
2024-05-15	2024-03-31	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	Put	104,900		2,219		n/a	n/a	n/a
2023-05-15	2023-03-31	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	Put	0	-100.00	0	-100.00	n/a	n/a	n/a
2023-02-14	2022-12-31	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	Put	461,700		9,479		n/a	n/a	n/a
2022-05-16	2022-03-31	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	Put	0	-100.00	0	-100.00	n/a	n/a	n/a
2022-02-14	2021-12-31	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	Put	407,900	57.98	8,994	57.13	n/a	n/a	n/a
2021-11-12	2021-09-30	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	Put	258,200	185.94	5,724	185.91	n/a	n/a	n/a
2021-08-06	2021-06-30	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	Put	90,300	-53.48	2,002	-53.36	n/a	n/a	n/a
2021-05-14	2021-03-31	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	Put	194,100	-67.61	4,292	-67.81	n/a	n/a	n/a
2021-02-12	2020-12-31	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	Put	599,300	84.80	13,334	89.30	n/a	n/a	n/a
2020-11-13	2020-09-30	13F	INVESCO EXCH TRADED FD TR II	SR LN ETF	Put	324,300	-31.51	7,044	-29.69	n/a	n/a	n/a
2020-08-13	2020-06-30	13F	INVESCO EXCHANGE-TRADED FD T	SR LN ETF	Put	473,500	155.53	10,019	170.49	n/a	n/a	n/a
2020-05-11	2020-03-31	13F	INVESCO EXCHANGE-TRADED FD T	SR LN ETF	Put	185,300	-25.67	3,704	-34.58	n/a	n/a	n/a
2020-02-12	2019-12-31	13F	INVESCO EXCHNG TRADED FD TR	SR LN ETF	Put	249,300		5,662		n/a	n/a	n/a
2019-11-14	2019-09-30	13F	INVESCO EXCHNG TRADED FD TR	SR LN ETF	Put	0	-100.00	0	-100.00	n/a	n/a	n/a
2019-08-20	2019-06-30	13F	INVESCO EXCHNG TRADED FD TR	SR LN ETF	Put	533,600		12,091		n/a	n/a	n/a

Legend

Shares: The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value: The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price: The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class: This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred

Allocation (%): The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation: The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%): The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis: The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss: This is the market value of the position as of the effective date minus the cost basis.