Unusual Options Activity in Invesco S&P 500 Equal Weight ETF

The Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) saw remarkable options trading activity on a recent Wednesday when it experienced a substantial spike in put options. Traders acquired 20,241 put options, a 75% surge compared to the stock's average daily put options volume of 11,554. This significant increase points towards traders speculating or hedging on potential future declines in the ETF's value.

Invesco S&P 500 Equal Weight ETF Stock Performance

The opening share price for RSP was listed at $160.72 on the ensuing Friday. The ETF has oscillated between a 52-week low and high of $133.34 and $160.91, respectively. With a market capitalization of $45.43 billion, a price-to-earnings ratio of 16.13, and a beta of 1.05, it remains a sizeable player in the market. RSP's average prices over the last fifty and two hundred days are $156.73 and $149.06, respectively, indicating its recent trading trend.

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

Various hedge funds have been recalibrating their stakes in Invesco S&P 500 Equal Weight ETF. For instance, Partnership Wealth Management LLC initiated a new position worth approximately $25,000 during the fourth quarter. Salem Investment Counselors Inc. and SJS Investment Consulting Inc. both opened new positions valued around $26,000 during the second and third quarters. Moreover, Howe & Rusling Inc. and Householder Group Estate & Retirement Specialist LLC each established new stakes in the ETF, valued close to $26,000 and $28,000 during the fourth and third quarters respectively.

About Invesco S&P 500 Equal Weight ETF

The ETF, once known as the Rydex S&P 500 Equal Weight ETF and also referred to as the Guggenheim S&P 500 Equal Weight ETF, aims to match the performance of the S&P 500 Equal Weight Index daily. This Index is a capitalization-weighted index that spans across sectors such as industrial, utility, transportation, and finance, comprising predominantly NYSE Euronext listed companies in the United States.

Invesco, ETF, Options