PCY Stock Summary and Trading Ideas (Invesco Emerging Markets Sovereign Debt ETF | ARCA:PCY)

The Invesco Emerging Markets Sovereign Debt ETF is based on the DBIQ Emerging Market USD Liquid Balanced Index. The Fund will normally invest at least 80% of its total assets in securities that comprise the Index. The Index tracks the potential returns of a theoretical portfolio of liquid emerging markets US dollar-denominated government bonds issued by more than 20 emerging-market countries. The countries in the Index are selected annually pursuant to a proprietary index methodology. The Fund and the Index are rebalanced and reconstituted quarterly.

Invesco Emerging Markets Sovereign Debt ETF trades on the ARCA stock market under the symbol PCY.

As of April 19, 2024, PCY stock price climbed to $19.81 with 166,752 million shares trading.

PCY has a beta of 0.77, meaning it tends to be less sensitive to market movements. PCY has a correlation of 0.47 to the broad based SPY ETF.

PCY has a market cap of $1.45 billion. This is considered a Small Cap stock.

In the last 3 years, PCY stock traded as high as $27.96 and as low as $16.20.

PCY has underperformed the market in the last year with a return of +10.4%, while the SPY ETF gained +21.2%. In the last 3 month period, PCY fell short of the market, returning +0.8%, while SPY returned +4.3%. However, in the most recent 2 weeks PCY has outperformed the stock market by returning -2.7%, while SPY returned -3.5%.

PCY support price is $19.62 and resistance is $19.90 (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 PCY stock will trade within this expected range on the day.