Traders Buy High Volume of Put Options on Invesco Solar ETF (NYSEARCA:TAN)

Invesco Solar ETF (NYSEARCA:TAN) saw some unusual options trading on Friday. Investors bought 40,849 put options on the stock. This is an increase of approximately 564% compared to the typical daily volume of 6,155 put options.

Invesco Solar ETF Trading Down 3.7 %

Shares of Invesco Solar ETF stock traded down $1.24 on Friday, hitting $32.44. 1,555,230 shares of the company traded hands, compared to its average volume of 819,247. Invesco Solar ETF has a 52 week low of $32.03 and a 52 week high of $49.93. The company has a market cap of $776.22 million, a PE ratio of 15.42 and a beta of 1.38. The stock’s 50 day moving average price is $34.16 and its 200-day moving average price is $37.06.

Institutional Trading of Invesco Solar ETF

A number of hedge funds have recently bought and sold shares of the stock. Clal Insurance Enterprises Holdings Ltd increased its holdings in Invesco Solar ETF by 205.9% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,600,000 shares of the exchange traded fund’s stock worth $112,086,000 after buying an additional 1,750,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Invesco Solar ETF during the fourth quarter worth $44,050,000. National Bank of Canada FI increased its holdings in shares of Invesco Solar ETF by 203.3% in the third quarter. National Bank of Canada FI now owns 447,803 shares of the exchange traded fund’s stock valued at $19,305,000 after purchasing an additional 300,149 shares during the last quarter. OLD Mission Capital LLC acquired a new stake in shares of Invesco Solar ETF in the 4th quarter worth $3,166,000. Finally, Toronto Dominion Bank purchased a new position in shares of Invesco Solar ETF during the 4th quarter worth $1,461,000.

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).