Small-Cap Tech ETF (PSCT) Hits New 52-Week High

Core Viewpoint - The Invesco S&P SmallCap Information Technology ETF (PSCT) has reached a 52-week high and shows significant growth potential, having increased by 84.32% from its 52-week low of $33.16 per share [1] Group 1: Fund Performance - PSCT tracks the S&P SmallCap 600 Capped Information Technology Index, which reflects the performance of U.S. information technology companies [1] - The fund has an annual fee of 29 basis points [1] - PSCT currently holds a Zacks ETF Rank of 2 (Buy) and has a positive weighted alpha of 42.85, indicating strong performance potential [4] Group 2: Market Drivers - Renewed investor interest in the technology sector is fueled by robust corporate profits and ongoing momentum within the sector [2] - Improving consumer confidence and interest rate cuts by the Federal Reserve contribute to a favorable environment for the tech sector, which relies on borrowing for growth [2] - The recent surge in the small-cap market, driven by AI-led momentum in the tech sector, serves as a significant tailwind for PSCT [3]