Stock Traders Purchase High Volume of Call Options on Invesco Solar ETF (NYSEARCA:TAN)

Invesco Solar ETF (NYSEARCA:TAN) saw some unusual options trading on Wednesday. Investors acquired 18,825 call options on the company. This represents an increase of approximately 236% compared to the typical daily volume of 5,596 call options.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC purchased a new stake in Invesco Solar ETF in the 3rd quarter valued at about $71,000. Headinvest LLC purchased a new stake in Invesco Solar ETF in the 3rd quarter valued at about $72,000. Allworth Financial LP raised 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 valued at $84,000 after buying an additional 544 shares during the period. NBC Securities Inc. purchased a new stake in Invesco Solar ETF in the 3rd quarter valued at about $89,000. Finally, Garde Capital Inc. purchased a new stake in Invesco Solar ETF in the 4th quarter valued at about $101,000.

Invesco Solar ETF Stock Down 3.5 %

NYSEARCA TAN opened at $45.14 on Friday. Invesco Solar ETF has a 52 week low of $38.83 and a 52 week high of $74.71. The business’s fifty day simple moving average is $42.73 and its 200-day simple moving average is $44.91. The firm has a market cap of $1.09 billion, a PE ratio of 9.19 and a beta of 1.81.

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).