Short Interest in Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Increases By 50.7%

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 14,598 shares, a growth of 50.7% from the November 30th total of 9,685 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 40,599 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 40,599 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Invesco AI and Next Gen Software ETF Trading Up 0.4%

Shares of NYSEARCA:IGPT traded up $0.22 during midday trading on Tuesday, reaching $60.22. The company had a trading volume of 75,347 shares, compared to its average volume of 56,101. The company’s 50 day moving average price is $58.58 and its 200 day moving average price is $53.93. Invesco AI and Next Gen Software ETF has a 52-week low of $33.80 and a 52-week high of $61.81. The stock has a market cap of $650.38 million, a P/E ratio of 28.76 and a beta of 1.13.

Institutional Trading of Invesco AI and Next Gen Software ETF

Several institutional investors and hedge funds have recently modified their holdings of IGPT. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco AI and Next Gen Software ETF by 15.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 9,586 shares of the company’s stock worth $388,000 after buying an additional 1,300 shares during the period. Jane Street Group LLC bought a new stake in shares of Invesco AI and Next Gen Software ETF during the first quarter valued at approximately $2,152,000. Orser Capital Management LLC purchased a new stake in shares of Invesco AI and Next Gen Software ETF in the 2nd quarter worth about $1,466,000. Focus Financial Network Inc. purchased a new stake in Invesco AI and Next Gen Software ETF in the second quarter worth about $207,000. Finally, Park Avenue Securities LLC bought a new position in Invesco AI and Next Gen Software ETF during the 2nd quarter valued at approximately $258,000.

Invesco AI and Next Gen Software ETF Company Profile

The Invesco AI and Next Gen Software ETF (IGPT) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an index of securities that derive more than 50% of their revenue to the future media industry. These components may be from any market-cap, and from any geography. IGPT was launched on Jun 23, 2005 and is issued by Invesco.