Invesco Water Resources ETF T.PHO

Primary Symbol: PHO

The investment seeks to track the investment results (before fees and expenses) of the NASDAQ OMX US Water IndexSM (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index seeks to track the performance of companies that create products designed to conserve and purify water for homes, businesses and industries. The underlying index may include common stocks, ordinary shares, American depositary receipts (ADRs), shares of beneficial interest and tracking stocks. The fund is non-diversified.

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Invesco Water Resources ETF > Price Declining

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Post by remyken1509on Oct 01, 2020 3:02pm

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Post# 31652381

Price Declining

Hi everyone,

Price has been declining steadily for 2 months. It seems like we haven't hit the bottom yet despite good to strong fundamentals at the stock and industry levels:

the semiconductor index has been rising,
most techs have recovered lost ground and beyond
Photon's performance has been strong and resilient so far, despite the cautious (and disastrous) PR. This year should be one, (if not the best) or ones of the best on record in the company's history.
Most forecasts for in the semiconductor industry for 2021 are bullish.

Any cues on why is the stock is down?

Thanks

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