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

Invesco Solar ETF (NYSEARCA:TAN) saw some unusual options trading on Tuesday. Investors bought 20,465 call options on the company. This is an increase of 244% compared to the typical volume of 5,946 call options.

Institutional Trading of Invesco Solar ETF

Large investors have recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in Invesco Solar ETF during the 3rd quarter worth approximately $71,000. Headinvest LLC acquired a new stake in shares of Invesco Solar ETF during the third quarter worth $72,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Invesco Solar ETF in the 3rd quarter valued at $78,000. Allworth Financial LP boosted its stake 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 during the period. Finally, NBC Securities Inc. bought a new position in Invesco Solar ETF during the 3rd quarter worth about $89,000.

Invesco Solar ETF Price Performance

TAN traded down $1.23 during mid-day trading on Tuesday, hitting $40.39. The stock had a trading volume of 532,952 shares, compared to its average volume of 1,282,480. The stock’s fifty day simple moving average is $43.04 and its 200-day simple moving average is $45.12. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 9.26 and a beta of 1.80. Invesco Solar ETF has a 1-year low of $38.83 and a 1-year high of $74.71.

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).