(PSCD) Invesco S&P SmallCap - Ratings and Ratios

The Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) is designed to track the performance of small-capitalization U.S. companies in the consumer discretionary sector. The fund adheres to a rules-based indexing approach, typically allocating at least 90% of its total assets to securities included in the S&P SmallCap 600 Consumer Discretionary Index. This index focuses on companies engaged in the production and distribution of goods and services that are sensitive to economic cycles, such as household durables, leisure products, apparel, luxury goods, computers, electronics, automobiles, and hotel and restaurant services. By targeting smaller companies within this sector, the ETF provides exposure to firms that are often more agile and growth-oriented compared to their larger counterparts.

From a technical perspective, PSCD is currently trading below its key moving averages, with the 20-day SMA at 92.09, 50-day SMA at 101.13, and 200-day SMA at 105.50. This indicates a bearish trend in the short to medium term. The average trading volume over the past 20 days is 1100 shares, suggesting relatively low liquidity. The ATR of 1.91 reflects moderate volatility. The last price of 83.64 indicates a recent decline, potentially signaling a buying opportunity for investors seeking exposure to small-cap consumer discretionary stocks.

From a fundamental perspective, the ETF has assets under management (AUM) of $18.84 million, placing it in the smaller category of ETFs. This smaller size may limit its appeal to institutional investors but could also allow for greater flexibility in tracking its underlying index. The funds focus on small-cap consumer discretionary companies positions it to capitalize on sectors that are highly sensitive to changes in consumer spending patterns and economic cycles.