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 bought 13,748 call options on the company. This is an increase of approximately 196% compared to the average volume of 4,643 call options.

Hedge Funds Weigh In On Invesco Solar ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Keystone Global Partners LLC acquired a new position in shares of Invesco Solar ETF in the first quarter valued at approximately $28,000. Garde Capital Inc. acquired a new position in shares of Invesco Solar ETF in the first quarter valued at approximately $30,000. Proffitt & Goodson Inc. raised its position in shares of Invesco Solar ETF by 113.6% in the first quarter. Proffitt & Goodson Inc. now owns 1,132 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 602 shares during the last quarter. NBC Securities Inc. increased its position in Invesco Solar ETF by 116,000.0% during the first quarter. NBC Securities Inc. now owns 1,161 shares of the exchange traded fund’s stock worth $35,000 after purchasing an additional 1,160 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Invesco Solar ETF during the first quarter worth approximately $49,000.

Invesco Solar ETF Trading Up 5.1%

Shares of TAN opened at $37.04 on Thursday. The stock has a market cap of $652.20 million, a P/E ratio of 18.04 and a beta of 1.36. The company has a 50-day moving average of $32.59 and a two-hundred day moving average of $32.53. Invesco Solar ETF has a 12-month low of $25.53 and a 12-month high of $44.74.

About Invesco Solar ETF

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).