For investors seeking momentum, PortfolioPlus S&P Small Cap ETF is probably on radar now. The fund just hit a 52-week high and is up about 33% from its 52-week low price of $31.24/share.

But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:

PPSC in Focus

This fund seeks to deliver 125% of the daily performance of the S&P Small Cap 600 Index, which offers exposure to the small-cap segment of the broad U.S. equity markets. It has key holdings in industrials, financials, information technology, consumer discretionary and healthcare that account for a double-digit allocation each. The ETF charges 35 basis points in annual fees (see: all the Small Cap ETFs here).

Why the Move?

The small-cap space has been an area to watch lately given the strong corporate earnings and improving economy amid the worsening trade fears. This is because small-cap stocks, which are closely tied to the U.S. economy and do not have much exposure to the international market, are well insulated from the international headwinds. The pint-sized stocks are considered safe and better plays if any political issue creeps into the picture. Further, these are not exposed to a strong dollar, which is on the rise on the Turkey crisis.  

More Gains Ahead?

It seems that PPSC might remain strong given a high weighted alpha of 30.02% and a low 20-day volatility of 16.51%. As a result, there is definitely still some promise for investors who want to ride on this surging ETF a little further.

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