Traders Buy Large Volume of Invesco Solar ETF Call Options (NYSEARCA:TAN)

Invesco Solar ETF (NYSEARCA:TAN) was the recipient of some unusual options trading on Monday. Stock investors purchased 9,397 call options on the stock. This represents an increase of approximately 131% compared to the typical daily volume of 4,066 call options.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TAN. Keystone Global Partners LLC purchased a new position in shares of Invesco Solar ETF in the 1st quarter worth $28,000. HighTower Advisors LLC lifted its holdings in shares of Invesco Solar ETF by 16.5% during the 1st quarter. HighTower Advisors LLC now owns 11,920 shares of the exchange traded fund’s stock valued at $363,000 after acquiring an additional 1,689 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Invesco Solar ETF by 9.6% in the first quarter. National Bank of Canada FI now owns 260,206 shares of the exchange traded fund’s stock worth $7,939,000 after buying an additional 22,740 shares during the period. Altfest L J & Co. Inc. purchased a new stake in shares of Invesco Solar ETF during the 1st quarter valued at about $2,477,000. Finally, Harbour Investments Inc. lifted its position in Invesco Solar ETF by 11.8% during the 1st quarter. Harbour Investments Inc. now owns 3,116 shares of the exchange traded fund’s stock worth $95,000 after acquiring an additional 328 shares in the last quarter.

Invesco Solar ETF Price Performance

TAN opened at $34.72 on Wednesday. Invesco Solar ETF has a 1-year low of $25.53 and a 1-year high of $49.93. The stock has a market cap of $766.96 million, a P/E ratio of 17.80 and a beta of 1.41. The stock’s 50 day simple moving average is $30.14 and its 200 day simple moving average is $33.26.

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).