Investors Purchase Large Volume of Put Options on Invesco Solar ETF (NYSEARCA:TAN)

Invesco Solar ETF (NYSEARCA:TAN) was the target of some unusual options trading on Friday. Traders acquired 40,849 put options on the stock. This is an increase of 564% compared to the average daily volume of 6,155 put options.

Institutional Investors Weigh In On Invesco Solar ETF

Several large investors have recently modified their holdings of the company. Union Bancaire Privee UBP SA purchased a new stake in Invesco Solar ETF during the 4th quarter valued at approximately $31,000. Global Retirement Partners LLC grew its position in Invesco Solar ETF by 48.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,117 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 365 shares during the last quarter. IFP Advisors Inc grew its position in Invesco Solar ETF by 14.4% in the 4th quarter. IFP Advisors Inc now owns 3,920 shares of the exchange traded fund’s stock valued at $130,000 after buying an additional 492 shares during the last quarter. Sava Infond d.o.o. acquired a new position in Invesco Solar ETF in the 4th quarter valued at $132,000. Finally, Bank Hapoalim BM purchased a new position in Invesco Solar ETF during the 3rd quarter worth $255,000.

Invesco Solar ETF Stock Down 3.9 %

Shares of NYSEARCA TAN opened at $32.35 on Friday. The business has a 50-day moving average price of $34.13 and a 200 day moving average price of $36.98. The stock has a market cap of $774.14 million, a PE ratio of 15.42 and a beta of 1.38. Invesco Solar ETF has a 52-week low of $32.03 and a 52-week high of $49.93.

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).