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

Invesco Solar ETF (NYSEARCA:TAN) saw unusually large options trading activity on Monday. Stock investors acquired 21,980 call options on the company. This is an increase of 132% compared to the average daily volume of 9,479 call options.

Invesco Solar ETF Trading Up 4.3 %

Shares of NYSEARCA TAN traded up $1.70 during midday trading on Monday, reaching $41.49. The company’s stock had a trading volume of 1,226,120 shares, compared to its average volume of 1,162,091. The company has a 50 day moving average price of $40.07 and a 200 day moving average price of $41.76. Invesco Solar ETF has a one year low of $36.64 and a one year high of $54.62. The company has a market cap of $999.49 million, a price-to-earnings ratio of 9.19 and a beta of 1.81.

Institutional Trading of Invesco Solar ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Invesco Solar ETF by 58.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,600 shares of the exchange traded fund’s stock valued at $1,706,000 after acquiring an additional 13,900 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Invesco Solar ETF by 12.6% during the first quarter. BNP Paribas Financial Markets now owns 94,903 shares of the exchange traded fund’s stock valued at $4,306,000 after acquiring an additional 10,641 shares during the period. FinTrust Capital Advisors LLC raised its holdings in shares of Invesco Solar ETF by 77.3% during the first quarter. FinTrust Capital Advisors LLC now owns 2,128 shares of the exchange traded fund’s stock valued at $97,000 after acquiring an additional 928 shares during the period. Mutual Advisors LLC raised its holdings in shares of Invesco Solar ETF by 2.8% during the first quarter. Mutual Advisors LLC now owns 37,544 shares of the exchange traded fund’s stock valued at $1,703,000 after acquiring an additional 1,037 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Invesco Solar ETF during the first quarter valued at approximately $1,496,000.

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).