Invesco Solar ETF Target of Unusually Large Options Trading (NYSEARCA:TAN)

Invesco Solar ETF (NYSEARCA:TAN) saw unusually large options trading activity on Tuesday. Traders purchased 20,465 call options on the company. This is an increase of approximately 244% compared to the average volume of 5,946 call options.

Invesco Solar ETF Price Performance

Shares of Invesco Solar ETF stock opened at $40.28 on Thursday. The stock has a market capitalization of $970.35 million, a PE ratio of 9.19 and a beta of 1.81. Invesco Solar ETF has a 1-year low of $38.83 and a 1-year high of $74.71. The company’s fifty day simple moving average is $42.84 and its 200-day simple moving average is $45.03.

Institutional Trading of Invesco Solar ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC purchased a new position in shares of Invesco Solar ETF during the 3rd quarter valued at $71,000. Headinvest LLC bought a new stake in Invesco Solar ETF during the 3rd quarter valued at approximately $72,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Invesco Solar ETF during the 3rd quarter valued at approximately $78,000. Allworth Financial LP lifted its holdings in Invesco Solar ETF by 52.5% in the 4th quarter. Allworth Financial LP now owns 1,580 shares of the exchange traded fund’s stock worth $84,000 after purchasing an additional 544 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in Invesco Solar ETF in the 3rd quarter worth approximately $89,000.

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).