18-Mar-2024
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Seeking Alpha News (Thu, 14-Mar 2:37 PM ET)
The Invesco S&P SmallCap Information Technology ETF (Fund) is based on the S&P SmallCap 600 Capped Information Technology 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 measure the overall performance of common stocks of US information technology companies. These companies are principally engaged in the business of providing information technology-related products and services, including computer hardware and software, Internet, electronics and semiconductors and communication technologies.
Invesco S&P Smallcap Information Technology ETF trades on the NASDAQ stock market under the symbol PSCT.
As of March 18, 2024, PSCT stock price declined to $44.80 with 7,196 million shares trading.
PSCT has a market cap of $312.70 million. This is considered a Small Cap stock.
In the last 3 years, PSCT stock traded as high as $52.36 and as low as $35.72.
PSCT has underperformed the market in the last year with a price return of +7.7% while the SPY ETF gained +33.2%. PSCT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -5.8% and -4.5%, respectively, while the SPY returned +9.0% and +0.4%, respectively.
PSCT support price is $44.42 and resistance is $45.44 (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 PSCT stock will trade within this expected range on the day.