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The Meet Kevin Pricing Power ETF (PP) to Close
Globe Newswire (Tue, 11-Feb 4:33 PM ET)
The Meet Kevin Pricing Power ETF is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing primarily in the U.S.-listed equity securities of Innovative Companies. The MeetKevin Purchase Power ETF categorizes an Innovative Company as a company to be involved in the development of new products or services, technological advancements, consumer engagement, and/or disruptive approaches with respect to business growth that the Sub-Adviser expects to have a significant impact on the market or industry in which the company operates.
Tidal ETF Trust II The Meet Kevin Pricing Power ETF trades on the ARCA stock market under the symbol PP.
As of March 4, 2025, PP stock price was flat at $26.10 with million shares trading.
PP has a beta of 1.13, meaning it tends to be more sensitive to market movements. PP has a correlation of 0.46 to the broad based SPY ETF.
PP has a market cap of $29.36 million. This is considered a Sub-Micro Cap stock.
PP has underperformed the market in the last year with a return of -5.4%, while the SPY ETF gained +13.9%. In the last 3 month period, PP fell short of the market, returning -6.6%, while SPY returned -4.2%. However, in the most recent 2 weeks PP has outperformed the stock market by returning -1.4%, while SPY returned -5.4%.
PP support price is $25.74 and resistance is $26.46 (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 PP shares will trade within this expected range on the day.