PEJ Stock Summary and Trading Ideas (Invesco Dynamic Leisure And Entertainment ETF | ARCA:PEJ)

The Invesco Dynamic Leisure and Entertainment ETF (Fund) is based on the Dynamic Leisure & Entertainment Intellidex Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US leisure and entertainment companies. These are companies that are principally engaged in the design, production or distribution of goods or services in the leisure and entertainment industries. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Invesco Dynamic Leisure And Entertainment ETF trades on the ARCA stock market under the symbol PEJ.

As of April 25, 2024, PEJ stock price declined to $44.67 with 19,819 million shares trading.

PEJ has a beta of 1.10, meaning it tends to be more sensitive to market movements. PEJ has a correlation of 0.63 to the broad based SPY ETF.

PEJ has a market cap of $278.29 million. This is considered a Small Cap stock.

In the last 3 years, PEJ stock traded as high as $54.62 and as low as $34.36.

PEJ stock has underperformed the market in the last year with a return of +8.8%, while SPY returned +23.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PEJ shares. However, PEJ has outperformed the market in the last 3 month and 2 week periods, returning +8.5% and -1.0%, while SPY returned +4.1% and -2.1%, respectively. This indicates PEJ has been having a stronger performance recently.

PEJ support price is $44.13 and resistance is $45.29 (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 PEJ stock will trade within this expected range on the day.