TAN

Guggenheim Solar ETF
CLOSING PRICECHANGE (%)VOLUME
$18.72-0.24 (-1.27%)381.96K
4:00:00 p.m. (ET) 02/22/2017
BZX EXCHANGE CLOSED
LAST TRADECHANGE (%)
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BID SIZEBID ($)ASK ($)ASK SIZE
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Overall Rating

D

18
as of 02/22/17

Rating Details

60
66
18
Segment Average
  • Overview
  • Efficiency
  • Tradability
  • Fit

TAN Fund Description

The Guggenheim Solar ETF tracks an index of solar energy companies selected based on the relative importance of solar power to the company's business model.

TAN FactSet Analytics Insight

TAN offers a unique and popular take onvery concentrated, holding just a handful of names renewable energy, holding a concentrated portfolio of companies involved in the solar energy industry, thus cutting out much of the broader renewable energy market covered by our benchmark. It adjusts each company's weight in an attempt to boost exposure to "pure-play" companies and underweight "non-pure-play" companies, based on revenues from solar-related activity. The resulting portfolio is very concentrated, holding just a handful of names. TAN overweights the US and especially China, and favors smaller firms. TAN offers adequate liquidity, though spreads are generally significant. The underlying basket is lacking in liquidity, however, and creations and redemption could cause prices to move. TAN charges a pretty steep fee, though strong short interest in solar stocks has often allowed the ETF to earn enough from lending out its securities to pay back its fee several times over. Lending income has been highly variable though, so investors holding onto TAN will have a wild ride ahead of them.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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TAN Summary Data

04/15/08
Open-Ended Fund
0.71%
$208.91 M
$2.8 M
0.19%

TAN Portfolio Data

$1.08 B
-66.30
0.75
4.43%
12/23/16
20

TAN Index Data

MAC Global Solar Energy Index
Tiered
Market Cap
Thomson Reuters Global Renewable Energy

Related ETFs to TAN

FAN, PBW, PBD, GEX, ICLN
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

TAN Portfolio Management

0.71%
2.30%
5.70%
1.44%

TAN Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

TAN Fund Structure

Open-Ended Fund
No
Yes
100% / 0%
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS----
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BIDS----
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LAST 10 TRADES
TIMEPRICESHARES
15:59:5318.7196
15:59:5318.71100
15:58:4218.72100
15:51:0018.71100
15:49:4318.70400
15:49:4118.69124
15:39:1618.70100
15:12:3218.705
15:12:3218.69996
15:12:3218.694
Bats BZX Real-time Quote - 17:02:26
Average Spread
Premium/Discount
Volume

TAN FactSet Analytics Block Liquidity

As of 02/22/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of TAN. TAN is rated a 2 out of 5.

TAN Tradability

157,537
$2.8 M
120,459
$2.13 M
0.19%
$0.03
0.09%
0.95% / -1.78%
None
72.00%
80,000
1.51
0.03%
2.74%
2,044
$18.96
2

TAN Performance Statistics

0.63
0.81
0.54
0.83
1.14%
Thomson Reuters Global Renewable Energy