Invesco Dynamic Software ETF (NYSEARCA:PSJ) Trading 2.9% Higher – Should You Buy?

Invesco Dynamic Software ETF (NYSEARCA:PSJ)’s stock price traded up 2.9% during mid-day trading on Tuesday . The company traded as high as $61.96 and last traded at $61.86. 134,406 shares traded hands during mid-day trading, an increase of 687% from the average session volume of 17,076 shares. The stock had previously closed at $60.10.

Invesco Dynamic Software ETF Stock Performance

The firm’s 50 day moving average is $62.88 and its 200-day moving average is $58.69. The company has a market cap of $332.19 million, a PE ratio of 28.76 and a beta of 1.01.

About Invesco Dynamic Software ETF

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.