PAVE Stock Summary and Trading Ideas (Global X Funds Global X U.S. Infrastructure Development ETF | BATS:PAVE)

The Global X U.S. Infrastructure Development ETF (PAVE) seeks to invest in companies that stand to benefit from a potential increase in infrastructure activity in the United States, including those involved in the production of raw materials, heavy equipment, engineering, and construction. The Index is a modified market capitalization weighted index designed to measure the performance of companies that provide exposure to infrastructure development in the United States. This includes companies involved in the construction and engineering of infrastructure projects; the production of infrastructure raw materials, composites and products; producers/distributors of heavy construction equipment; and companies engaged in the transportation of infrastructure materials (collectively, U.S. Infrastructure Development Companies ), as defined by Indxx.

Global X Funds Global X U.S. Infrastructure Development ETF trades on the BATS stock market under the symbol PAVE.

As of April 24, 2024, PAVE stock price declined to $37.72 with 1,142,815 million shares trading.

PAVE has a beta of 1.16, meaning it tends to be more sensitive to market movements. PAVE has a correlation of 0.73 to the broad based SPY ETF.

PAVE has a market cap of $7.34 billion. This is considered a Mid Cap stock.

In the last 3 years, PAVE stock traded as high as $40.00 and as low as $22.15.

PAVE has outperformed the market in the last year with a return of +37.6%, while the SPY ETF gained +24.3%. In the last 3 month period, PAVE beat the market returning +10.8%, while SPY returned +4.6%. However, in the most recent 2 weeks PAVE has underperformed the stock market by returning -4.4%, while SPY returned -2.6%.

PAVE support price is $37.45 and resistance is $38.34 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PAVE stock will trade within this expected range on the day.