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

Invesco Solar ETF (NYSEARCA:TAN) saw unusually large options trading activity on Friday. Investors acquired 40,849 put options on the stock. This is an increase of approximately 564% compared to the average daily volume of 6,155 put options.

Hedge Funds Weigh In On Invesco Solar ETF

Several hedge funds have recently made changes to their positions in TAN. GTS Securities LLC increased 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 valued at $930,000 after buying an additional 50,921 shares in the last quarter. Toronto Dominion Bank acquired a new stake in Invesco Solar ETF in the fourth quarter valued at $1,461,000. Lighthouse Investment Partners LLC purchased a new position in shares of Invesco Solar ETF in the fourth quarter valued at $331,000. Two Sigma Securities LLC acquired a new position in shares of Invesco Solar ETF during the 4th quarter worth $301,000. Finally, IHT Wealth Management LLC purchased a new stake in shares of Invesco Solar ETF in the 4th quarter worth about $905,000.

Invesco Solar ETF Stock Performance

TAN stock traded down $1.24 during mid-day trading on Friday, reaching $32.44. The company had a trading volume of 1,555,230 shares, compared to its average volume of 819,247. Invesco Solar ETF has a fifty-two week low of $32.03 and a fifty-two week high of $49.93. The company has a market capitalization of $776.22 million, a price-to-earnings ratio of 15.42 and a beta of 1.38. The firm has a fifty day simple moving average of $34.16 and a 200 day simple moving average of $37.06.

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).