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

Invesco Solar ETF (NYSEARCA:TAN) saw some unusual options trading on Thursday. Stock traders acquired 25,396 call options on the stock. This represents an increase of 228% compared to the typical daily volume of 7,750 call options.

Invesco Solar ETF Stock Performance

Invesco Solar ETF stock opened at $42.10 on Friday. The stock has a market cap of $1.01 billion, a PE ratio of 9.19 and a beta of 1.81. Invesco Solar ETF has a one year low of $38.83 and a one year high of $74.71. The stock has a fifty day moving average of $44.12 and a 200 day moving average of $45.03.

Hedge Funds Weigh In On Invesco Solar ETF

Hedge funds have recently made changes to their positions in the business. Greenwich Wealth Management LLC lifted its stake in shares of Invesco Solar ETF by 0.7% in the 4th quarter. Greenwich Wealth Management LLC now owns 38,157 shares of the exchange traded fund’s stock valued at $2,036,000 after purchasing an additional 256 shares during the last quarter. RPG Investment Advisory LLC lifted its stake in shares of Invesco Solar ETF by 8.2% in the 4th quarter. RPG Investment Advisory LLC now owns 5,069 shares of the exchange traded fund’s stock valued at $270,000 after purchasing an additional 385 shares during the last quarter. Gladstone Institutional Advisory LLC lifted its stake in shares of Invesco Solar ETF by 9.1% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 5,286 shares of the exchange traded fund’s stock valued at $282,000 after purchasing an additional 443 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Invesco Solar ETF by 0.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 61,502 shares of the exchange traded fund’s stock valued at $3,281,000 after purchasing an additional 502 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Invesco Solar ETF by 52.5% in the fourth quarter. Allworth Financial LP now owns 1,580 shares of the exchange traded fund’s stock worth $84,000 after buying an additional 544 shares during the period.

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).