Invesco Solar ETF Target of Unusually High Options Trading (NYSEARCA:TAN)

Invesco Solar ETF (NYSEARCA:TAN) was the recipient of some unusual options trading activity on Monday. Stock investors acquired 21,980 call options on the stock. This is an increase of approximately 132% compared to the typical daily volume of 9,479 call options.

Invesco Solar ETF Stock Up 1.7 %

Shares of Invesco Solar ETF stock opened at $41.79 on Wednesday. Invesco Solar ETF has a 52-week low of $36.64 and a 52-week high of $54.62. The company has a 50 day moving average of $40.06 and a 200 day moving average of $41.79. The company has a market capitalization of $1.01 billion, a P/E ratio of 9.19 and a beta of 1.81.

Institutional Investors Weigh In On Invesco Solar ETF

Several institutional investors have recently modified their holdings of TAN. Jane Street Group LLC boosted its holdings in Invesco Solar ETF by 47.2% in the first quarter. Jane Street Group LLC now owns 454,032 shares of the exchange traded fund’s stock valued at $20,599,000 after purchasing an additional 145,625 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Invesco Solar ETF by 698.3% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 123,936 shares of the exchange traded fund’s stock valued at $4,983,000 after buying an additional 108,411 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Invesco Solar ETF by 217.7% in the 2nd quarter. SG Americas Securities LLC now owns 104,774 shares of the exchange traded fund’s stock valued at $4,213,000 after buying an additional 71,800 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Invesco Solar ETF during the 1st quarter worth $1,756,000. Finally, Cetera Investment Advisers lifted its position in Invesco Solar ETF by 85.5% in the first quarter. Cetera Investment Advisers now owns 50,423 shares of the exchange traded fund’s stock valued at $2,288,000 after acquiring an additional 23,237 shares during the last quarter.

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).