According to CoinMeta, as reported by Seeking Alpha, JBBB is a floating-rate CLO (guaranteed loan obligation) arbitrage transaction that offers a yield of 6.5% and comes with actual downside protection. The fund is managed by Janus Henderson and holds approximately $1.4 billion in mezzanine debt with ratings ranging from BBB to B-. Analysts stated that they do not hold any stocks, options, or similar derivatives in the aforementioned companies, nor do they plan to initiate any such positions in the next 72 hours.