Invesco Dynamic Software ETF (NYSEARCA:PSJ) Shares Down 7% – Should You Sell?

Shares of Invesco Dynamic Software ETF (NYSEARCA:PSJ) traded down 7% during mid-day trading on Wednesday . The stock traded as low as $100.00 and last traded at $100.50. 186,150 shares were traded during mid-day trading, an increase of 990% from the average daily volume of 17,076 shares. The stock had previously closed at $108.11.

Invesco Dynamic Software ETF Stock Performance

The firm has a market cap of $539.68 million, a P/E ratio of 28.76 and a beta of 1.01. The stock’s 50-day moving average is $88.78 and its 200 day moving average is $71.08.

About Invesco Dynamic Software ETF

PowerShares Dynamic Software Portfolio (the Fund) is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield of the Dynamic Software Intellidex Index (the Index). The Index is designed to provide capital appreciation by evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. The Index consists of stocks of 30 United States software companies. These are companies that are principally engaged in the research, design, production or distribution of products or processes that relate to software applications and systems, and information-based services.