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

Invesco Solar ETF (NYSEARCA:TAN) saw some unusual options trading activity on Monday. Stock traders bought 4,087 call options on the company. This represents an increase of 95% compared to the typical volume of 2,101 call options.

Hedge Funds Weigh In On Invesco Solar ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco Solar ETF by 6.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 4,639 shares of the exchange traded fund’s stock worth $202,000 after purchasing an additional 298 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in Invesco Solar ETF by 3.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 8,079 shares of the exchange traded fund’s stock worth $353,000 after buying an additional 303 shares in the last quarter. Verity Asset Management Inc. increased its holdings in shares of Invesco Solar ETF by 2.6% in the 3rd quarter. Verity Asset Management Inc. now owns 15,167 shares of the exchange traded fund’s stock worth $662,000 after buying an additional 380 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Invesco Solar ETF by 3.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 15,109 shares of the exchange traded fund’s stock valued at $659,000 after buying an additional 489 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Invesco Solar ETF by 133.3% during the 2nd quarter. Allworth Financial LP now owns 875 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 500 shares during the last quarter.

Invesco Solar ETF Stock Performance

Invesco Solar ETF stock traded down $0.70 during midday trading on Monday, reaching $50.13. 924,588 shares of the stock were exchanged, compared to its average volume of 873,988. Invesco Solar ETF has a 52 week low of $25.53 and a 52 week high of $53.68. The firm has a market cap of $963.00 million, a PE ratio of 18.04 and a beta of 1.37. The company’s fifty day moving average is $48.55 and its 200-day moving average is $43.00.

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). The Index is designed to track companies within the business segments of the solar energy industry, which include companies that produce solar power equipment and products for end users, companies that produce fabrication products (such as the equipment used by solar cell and module producers to manufacture solar power equipment) or services (such as companies specializing in the solar cell manufacturing or the provision of consulting services to solar cell and module producers) for solar power equipment producers.