Invesco Solar ETF Sees Unusually High Options Volume (NYSEARCA:TAN)

Invesco Solar ETF (NYSEARCA:TAN) was the recipient of unusually large options trading activity on Wednesday. Stock traders acquired 20,569 put options on the company. This is an increase of 404% compared to the average volume of 4,083 put options.

Institutional Trading of Invesco Solar ETF

A number of hedge funds have recently made changes to their positions in TAN. Union Bancaire Privee UBP SA bought a new position in Invesco Solar ETF during the 4th quarter valued at approximately $31,000. Global Retirement Partners LLC boosted its holdings in Invesco Solar ETF by 48.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,117 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 365 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Invesco Solar ETF by 14.4% in the fourth quarter. IFP Advisors Inc now owns 3,920 shares of the exchange traded fund’s stock worth $130,000 after acquiring an additional 492 shares during the last quarter. Sava Infond d.o.o. purchased a new stake in Invesco Solar ETF during the 4th quarter valued at about $132,000. Finally, Sycomore Asset Management purchased a new stake in shares of Invesco Solar ETF during the fourth quarter valued at approximately $215,000.

Invesco Solar ETF Price Performance

NYSEARCA:TAN traded down $0.00 during mid-day trading on Wednesday, hitting $26.03. 278,580 shares of the company’s stock were exchanged, compared to its average volume of 1,048,565. The company has a market cap of $618.66 million, a PE ratio of 16.82 and a beta of 1.42. Invesco Solar ETF has a one year low of $25.55 and a one year high of $49.93. The business has a fifty day moving average price of $32.52 and a 200 day moving average price of $35.16.

Invesco Solar ETF Company Profile

Guggenheim Solar ETF, formerly Claymore/MAC Global Solar Energy Index ETF, seeks investment results that correspond generally to the performance of an equity index called the MAC Global Solar Energy Index (the Index). The Index consists of approximately 25 stocks selected based on the relative importance of solar power within the Company’s business model, as determined by MAC Indexing LLC (the Index Provider).