Investors Buy Large Volume of Call Options on Invesco Solar ETF (NYSEARCA:TAN)

Invesco Solar ETF (NYSEARCA:TAN) saw some unusual options trading on Monday. Stock traders acquired 9,397 call options on the stock. This is an increase of approximately 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 mid-day trading on Monday, reaching $32.77. 615,627 shares of the company’s stock were exchanged, compared to its average volume of 1,019,460. The firm has a market capitalization of $737.06 million, a price-to-earnings ratio of 15.60 and a beta of 1.42. The business’s fifty day moving average price is $30.07 and its 200-day moving average price is $33.29. Invesco Solar ETF has a twelve month low of $25.53 and a twelve month high of $49.93.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of 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 acquired a new position in shares of Invesco Solar ETF during the 4th quarter valued at $3,166,000. Altfest L J & Co. Inc. bought a new position in Invesco Solar ETF during the first quarter worth $2,477,000. GTS Securities LLC grew its holdings in Invesco Solar ETF by 222.9% in the fourth quarter. GTS Securities LLC now owns 28,074 shares of the exchange traded fund’s stock worth $930,000 after purchasing an additional 50,921 shares during the period. Finally, Toronto Dominion Bank acquired a new stake in Invesco Solar ETF in the fourth quarter worth $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).