PSI Stock Summary and Trading Ideas (Invesco Semiconductors ETF | ARCA:PSI)

The Invesco Semiconductors ETF (Fund) is based on the Dynamic Semiconductor 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 semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Invesco Semiconductors ETF trades on the ARCA stock market under the symbol PSI.

As of April 30, 2024, PSI stock price declined to $53.85 with 81,355 million shares trading.

PSI has a beta of 1.86, meaning it tends to be more sensitive to market movements. PSI has a correlation of 0.53 to the broad based SPY ETF.

PSI has a market cap of $763.05 million. This is considered a Small Cap stock.

In the last 3 years, PSI stock traded as high as $58.59 and as low as $27.61.

PSI has outperformed the market in the last year with a return of +45.6%, while the SPY ETF gained +22.3%. In the last 3 month period, PSI beat the market returning +6.0%, while SPY returned +2.5%. However, in the most recent 2 weeks PSI has underperformed the stock market by returning -1.0%, while SPY returned -0.5%.

PSI support price is $53.85 and resistance is $56.23 (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 PSI stock will trade within this expected range on the day.