PIN Stock Summary and Trading Ideas (Invesco India ETF | ARCA:PIN)

The Invesco India ETF (Fund) is based on the FTSE India Quality And Yield Select Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index as well as American depositary receipts and global depositary receipts based on the securities in the Index. The Index is constructed by evaluating all securities in the FTSE India Index and first excluding securities in the bottom 10% based on their 12-month trailing dividend yield. Of the remaining securities, those ranked in the bottom 10% by their quality scores are also then excluded.

Invesco India ETF trades on the ARCA stock market under the symbol PIN.

As of April 19, 2024, PIN stock price climbed to $26.71 with 45,037 million shares trading.

PIN has a beta of 0.54, meaning it tends to be less sensitive to market movements. PIN has a correlation of 0.31 to the broad based SPY ETF.

PIN has a market cap of $241.99 million. This is considered a Small Cap stock.

In the last 3 years, PIN stock traded as high as $29.48 and as low as $19.95.

PIN has outperformed the market in the last year with a price return of +32.4% while the SPY ETF gained +21.2%. However, in the short term, PIN had mixed performance relative to the market. It has underperformed in the last 3 months, returning +4.2% vs +4.3% return in SPY. But in the last 2 weeks, PIN shares have fared better than the market returning -0.7% compared to SPY -3.5%.

PIN support price is $26.31 and resistance is $26.69 (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 PIN stock will trade within this expected range on the day.