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

The Invesco Leisure and Entertainment ETF (Fund) is based on the Dynamic Leisure & Entertainment Intellidex Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The 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 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 Leisure And Entertainment ETF trades on the ARCA stock market under the symbol PEJ.

As of May 24, 2024, PEJ stock price climbed to $44.21 with 67,859 million shares trading.

PEJ has a beta of 1.09, 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 $277.64 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 has underperformed the market in the last year with a price return of +11.7% while the SPY ETF gained +30.4%. PEJ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.0% and -1.4%, respectively, while the SPY returned +4.6% and +1.7%, respectively.

PEJ support price is $43.35 and resistance is $44.24 (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.