PUI Stock Summary and Trading Ideas (Invesco Dwa Utilities Momentum ETF | NASDAQ:PUI)

The Invesco DWA Utilities Momentum ETF (Fund) is based on the Dorsey Wright Utilities Technical Leaders Index (DWA Utilities Technical Leaders 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 identify companies that are showing relative strength (momentum), and is composed of at least 30 common stocks from the NASDAQ US Benchmark Index. Relative strength is the measurement of a securitys performance in a given universe over time as compared to the performance of all other securities in that universe. The Fund and the Index are rebalanced and reconstituted quarterly.

Invesco Dwa Utilities Momentum ETF trades on the NASDAQ stock market under the symbol PUI.

As of May 6, 2024, PUI stock price climbed to $34.95 with 385 million shares trading.

PUI has a market cap of $39.84 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, PUI stock traded as high as $38.34 and as low as $28.14.

PUI stock has underperformed the market in the last year with a return of +7.8%, while SPY returned +28.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PUI shares. However, PUI has outperformed the market in the last 3 month and 2 week periods, returning +12.8% and +5.1%, while SPY returned +4.8% and +4.3%, respectively. This indicates PUI has been having a stronger performance recently.

PUI support price is $34.37 and resistance is $35.10 (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 PUI stock will trade within this expected range on the day.