The significantly larger The Guggenheim Solar ETF also began trading in April 2008, but has amassed $296 million in assets and is much more liquid with average daily volume of more than 179,000 shares during the past 10 days.
The fund tracks the MAC Global Solar Energy Index, and as of the end of the third quarter it had 29 securities and its top geographic weightings were the U.S. (47.3 percent), China (21.4 percent) and Hong Kong (19.4 percent). Its net expense ratio is 71 basis points.
The pullback in solar stocks—and the solar ETFs—comes at a time when industry conditions are booming. That disconnect, due in large part due to a misperception about the impact of falling oil prices, creates a great entry point for investors focused on this industry’s long-term trajectory.