November 25, 2016 - By Darrin Black · 0 Comments
Nov 25 is a positive day so far for Guggenheim Solar ETF (NYSEARCA:TAN) as the ETF is active during the day after gaining 1.19% to hit $17.88 per share. The exchange traded fund has 232.18 million net assets and 2.13% volatility this month.
Over the course of the day 19,254 shares traded hands, as compared to an average volume of 106,290 over the last 30 days for Guggenheim Solar ETF (NYSEARCA:TAN).
The ETF is -45.92% of its 52-Week High and 3.72% of its low, and is currently having ATR of 0.51. This year’s performance is -42.69% while this quarter’s performance is -19.41%.
The ETF’s YTD performance is -37.66%, the 1 year is -34.92% and the 3 year is -18%.
The ETF’s average P/E ratio is 8.82, the price to book is 0.64, the price to sales is 0.53 and the price to cashflow is 1.57. It was started on 4/15/2008. The fund’s top holdings are: First Solar Inc. for 8.33% of assets, SolarCity Corporation for 6.76%, GCL-POLY ENERGY HL HKD0.1 for 6.68%, Xinyi Solar Holdings Ltd for 6.17%, Trina Solar Limited Sponsored A for 5.90%, Canadian Solar Inc for 5.75%, TerraForm Power Inc. for 4.69%, 8point3 Energy Partners LP – Cl for 4.40%, Atlantica Yield PLC for 4.29%, JinkoSolar Holding Company Limi for 4.05%. The ETF sector weights are: Utilities 30.11%, Technology 69.89%. The ETF currently as 2.56% yield.
More notable recent Guggenheim Solar ETF (NYSEARCA:TAN) news were published by: Fool.com which released: “The Best Solar ETF in 2016” on May 18, 2016, also Nasdaq.com with their article: “The Zacks Analyst Blog Highlights: SolarCity, SunPower, Guggenheim Solar ETF …” published on November 11, 2016, Etfdailynews.com published: “Solar ETFs Struggle Amid Weaker Growth, Higher Supply” on September 09, 2016. More interesting news about Guggenheim Solar ETF (NYSEARCA:TAN) were released by: Benzinga.com and their article: “Solar ETF Searches For Sunny Days” published on June 23, 2016 as well as Etfdailynews.com‘s news article titled: “The Best Solar ETF To Buy Now [Guggenheim Solar ETF]” with publication date: March 30, 2015.
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 ETF has a market cap of $232.18 million. 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). It currently has negative earnings. The Index is designed to track companies within the business divisions of the solar energy industry, which include companies that produce solar power equipment and products for end users, companies that produce fabrication products (such as the equipment used by solar cell and module producers to manufacture solar power equipment) or services (such as companies specializing in the solar cell manufacturing or the provision of consulting services to solar cell and module producers) for solar power equipment producers.
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By Darrin Black