Stock Traders Purchase Large 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 target of unusually large options trading activity on Friday. Traders purchased 17,974 put options on the stock. This represents an increase of 33% compared to the typical daily volume of 13,533 put options.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in Invesco S&P 500 Equal Weight ETF by 16.4% during the first quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock valued at $4,869,022,000 after acquiring an additional 3,567,441 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth $400,736,000. Eastern Bank purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth $155,449,000. Rokos Capital Management LLP purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth $134,688,000. Finally, Quantum Portfolio Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at about $104,325,000. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Down 0.8%

Shares of RSP traded down $1.73 during mid-day trading on Friday, reaching $218.31. 10,333,738 shares of the stock traded hands, compared to its average volume of 11,818,338. The firm has a fifty day moving average price of $215.05 and a 200 day moving average price of $207.75. The company has a market cap of $100.21 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 1 year low of $182.11 and a 1 year high of $223.43.

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). 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.