Invesco Dynamic Software ETF (NYSEARCA:PSJ) Trading Down 3.9% – Here’s Why

Invesco Dynamic Software ETF (NYSEARCA:PSJ) dropped 3.9% during trading on Wednesday . The stock traded as low as $86.68 and last traded at $89.53. Approximately 218,118 shares were traded during trading, an increase of 1,177% from the average daily volume of 17,076 shares. The stock had previously closed at $93.14.

Invesco Dynamic Software ETF Trading Down 0.8%

The stock has a market cap of $487.65 million, a P/E ratio of 28.76 and a beta of 1.01. The company’s 50 day moving average price is $68.50 and its two-hundred day moving average price is $63.49.

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.