Invesco Dynamic Software ETF (NYSEARCA:PSJ) Stock Jumps 2.6% – Here’s What Happened

Shares of Invesco Dynamic Software ETF (NYSEARCA:PSJ) rose 2.6% on Wednesday. The stock traded as high as $91.53 and last traded at $91.34. Approximately 58,467 shares traded hands during trading, an increase of 242% from the average session volume of 17,076 shares. The stock had previously closed at $89.0653.

Invesco Dynamic Software ETF Stock Performance

The stock has a market cap of $490.50 million, a price-to-earnings ratio of 28.76 and a beta of 1.01. The business’s 50 day moving average is $95.65 and its 200-day moving average is $82.76.

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.