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

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) saw some unusual options trading on Tuesday. Traders bought 27,182 put options on the stock. This is an increase of 95% compared to the typical volume of 13,908 put options.

Invesco S&P 500 Equal Weight ETF Stock Up 1.3%

NYSEARCA RSP traded up $2.79 during trading hours on Tuesday, hitting $217.97. The company had a trading volume of 6,512,363 shares, compared to its average volume of 13,852,477. The business has a fifty day simple moving average of $210.77 and a 200-day simple moving average of $203.24. The firm has a market cap of $97.87 billion, a P/E ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $179.94 and a fifty-two week high of $218.05.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight ETF

A number of institutional investors have recently added to or reduced their stakes in RSP. Dorato Capital Management bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $26,000. Nalls Sherbakoff Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $29,000. Brandywine Financial Group lifted its stake in Invesco S&P 500 Equal Weight ETF by 636.8% in the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after acquiring an additional 121 shares in the last quarter. Hurley Capital LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 200.0% during the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after purchasing an additional 118 shares during the period. Finally, Asset Dedication LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at $36,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

About Invesco S&P 500 Equal Weight ETF

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.