Invesco S&P 500 Equal Weight ETF Target of Unusually Large Options Trading (NYSEARCA:RSP)

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) saw some unusual options trading on Monday. Investors bought 41,078 put options on the stock. This is an increase of approximately 156% compared to the typical daily volume of 16,072 put options.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock traded down $2.61 during trading hours on Monday, reaching $174.08. The stock had a trading volume of 10,859,785 shares, compared to its average volume of 6,298,447. Invesco S&P 500 Equal Weight ETF has a 52 week low of $158.83 and a 52 week high of $188.16. The company has a market cap of $72.36 billion, a price-to-earnings ratio of 21.37 and a beta of 1.07. The business’s 50 day moving average price is $179.07 and its 200-day moving average price is $179.17.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SJS Investment Consulting Inc. raised its position in Invesco S&P 500 Equal Weight ETF by 157.1% during the 4th quarter. SJS Investment Consulting Inc. now owns 144 shares of the company’s stock worth $25,000 after buying an additional 88 shares during the last quarter. FPC Investment Advisory Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at approximately $28,000. Van ECK Associates Corp raised its position in shares of Invesco S&P 500 Equal Weight ETF by 105.4% during the 4th quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock valued at $27,000 after buying an additional 78 shares during the period. Cambridge Financial Group Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $28,000. Finally, Truvestments Capital LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $29,000.

Invesco S&P 500 Equal Weight ETF Company Profile

Guggenheim S&P 500 Equal Weight ETF, formerly Rydex S&P 500 Equal Weight ETF, seeks to replicate as closely as possible, the daily performance of the S&P 500 Equal Weight Index (the Index). The Index is a capitalization-weighted index covering 500 industrial, utility, transportation and financial companies of the United States markets (mostly NYSE Euronext issues).