Investors Buy High Volume of Put Options on Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) was the recipient of some unusual options trading activity on Friday. Stock traders purchased 35,299 put options on the company. Thisrepresentsanincreaseofapproximately416% compared to the typical daily volume of 6,835 put options.

Invesco S&P 500 Equal Weight ETF Trading Down 0.1%

RSP stock opened at $188.62 on Friday. The firm’s 50-day moving average price is $184.69 and its two-hundred day moving average price is $177.22. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $189.99. The stock has a market capitalization of $74.77 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05.

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

Hedge funds have recently modified their holdings of the company. Nova Wealth Management Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the second quarter valued at about $25,000. Uniplan Investment Counsel Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the first quarter valued at about $26,000. Investment Counsel Co. of Nevada purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the second quarter valued at about $29,000. Richardson Capital Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the first quarter valued at about $30,000. Finally, OLD Second National Bank of Aurora purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the first quarter valued at about $31,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

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).