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

Invesco Solar ETF (NYSEARCA:TAN) saw some unusual options trading activity on Monday. Investors purchased 9,397 call options on the stock. This is an increase of 131% compared to the typical daily volume of 4,066 call options.

Invesco Solar ETF Stock Performance

Shares of NYSEARCA:TAN traded up $1.06 during trading on Monday, hitting $32.77. 615,627 shares of the stock were exchanged, compared to its average volume of 1,019,460. The company’s fifty day simple moving average is $30.07 and its 200-day simple moving average is $33.29. Invesco Solar ETF has a 1-year low of $25.53 and a 1-year high of $49.93. The company has a market capitalization of $737.06 million, a price-to-earnings ratio of 15.60 and a beta of 1.42.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. lifted its position in Invesco Solar ETF by 103.4% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,705,000 shares of the exchange traded fund’s stock worth $82,394,000 after buying an additional 1,375,000 shares in the last quarter. OLD Mission Capital LLC bought a new stake in shares of Invesco Solar ETF during the 4th quarter worth about $3,166,000. Altfest L J & Co. Inc. acquired a new position in shares of Invesco Solar ETF in the first quarter valued at approximately $2,477,000. GTS Securities LLC lifted its holdings in shares of Invesco Solar ETF by 222.9% during the fourth quarter. GTS Securities LLC now owns 28,074 shares of the exchange traded fund’s stock worth $930,000 after buying an additional 50,921 shares in the last quarter. Finally, Toronto Dominion Bank bought a new stake in Invesco Solar ETF in the 4th quarter valued at about $1,461,000.

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).