Friday, April 25, 2008

Options Now Trading on Claymore Global Solar ETF (TAN)

From the press release:

Claymore Securities, the third-fastest growing exchange-traded fund provider in 2007*, today announced that the NYSE Arca Options began trading options on the Claymore/MAC Global Solar Energy Index ETF (TAN). Listed on the NYSE Arca on April 15, 2008, TAN is the first solar ETF to provide investors a cost-efficient means of accessing the fast-growing global solar power industry. Trading more than 1 million shares on its second day on the market, the Claymore/MAC Global Solar Energy Index ETF has an average daily trading volume of 536,494 shares with $42,726,460 million assets under management in only its first week of trading. Past performance is no guarantee of future results.

The instant popularity of TAN acknowledges the maturing of the solar energy industry and reflects investor interest in funding solar power development, said Christian Magoon, President of Claymore Securities, Inc. The opportunity to now trade options on TAN allows for additional investor interest.”...