Invesco Dynamic Software ETF (NYSEARCA:PSJ) Shares Down 2.5% – Here’s Why

Invesco Dynamic Software ETF (NYSEARCA:PSJ) dropped 2.5% during trading on Tuesday . The company traded as low as $55.12 and last traded at $55.49. Approximately 103,864 shares were traded during trading, an increase of 508% from the average daily volume of 17,076 shares. The stock had previously closed at $56.92.

Invesco Dynamic Software ETF Stock Up 2.4%

The firm has a market cap of $319.25 million, a PE ratio of 28.76 and a beta of 1.01. The firm’s fifty day simple moving average is $62.33 and its two-hundred day simple moving average is $59.62.

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.