Invesco Dynamic Software ETF (NYSEARCA:PSJ) Trading Up 4.9% – Here’s Why
by Mitch Edgeman · The Markets DailyInvesco Dynamic Software ETF (NYSEARCA:PSJ – Get Free Report)’s share price traded up 4.9% on Wednesday . The company traded as high as $94.43 and last traded at $93.94. 235,840 shares traded hands during mid-day trading, an increase of 1,281% from the average daily volume of 17,076 shares. The stock had previously closed at $89.51.
Invesco Dynamic Software ETF Stock Up 4.9%
The company has a market capitalization of $504.46 million, a price-to-earnings ratio of 28.76 and a beta of 1.01. The company has a 50 day simple moving average of $95.98 and a 200 day simple moving average of $78.17.
Invesco Dynamic Software ETF Company Profile
PowerShares Dynamic Software Portfolio (the Fund) is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield of the Dynamic Software Intellidex Index (the Index). The Index is designed to provide capital appreciation by evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. The Index consists of stocks of 30 United States software companies. These are companies that are principally engaged in the research, design, production or distribution of products or processes that relate to software applications and systems, and information-based services.