Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Sees Significant Increase in Short Interest

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 24,932 shares, an increase of 137.1% from the February 12th total of 10,516 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 41,619 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 41,619 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Trading of Invesco AI and Next Gen Software ETF

A number of institutional investors and hedge funds have recently modified their holdings of IGPT. Journey Strategic Wealth LLC acquired a new position in shares of Invesco AI and Next Gen Software ETF in the 2nd quarter valued at about $13,818,000. Northwestern Mutual Wealth Management Co. raised its stake in Invesco AI and Next Gen Software ETF by 788.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 104,566 shares of the company’s stock worth $6,219,000 after acquiring an additional 92,790 shares during the period. Jane Street Group LLC bought a new position in Invesco AI and Next Gen Software ETF in the fourth quarter worth about $5,401,000. Royal Bank of Canada lifted its holdings in Invesco AI and Next Gen Software ETF by 282.1% in the fourth quarter. Royal Bank of Canada now owns 119,030 shares of the company’s stock worth $7,078,000 after acquiring an additional 87,882 shares during the last quarter. Finally, Berkshire Money Management Inc. boosted its stake in Invesco AI and Next Gen Software ETF by 48.2% in the third quarter. Berkshire Money Management Inc. now owns 243,515 shares of the company’s stock valued at $13,157,000 after acquiring an additional 79,172 shares during the period.

Invesco AI and Next Gen Software ETF Stock Performance

Shares of NYSEARCA IGPT traded up $0.02 during trading on Friday, reaching $60.81. The stock had a trading volume of 58,047 shares, compared to its average volume of 59,634. The stock has a market cap of $670.73 million, a PE ratio of 28.76 and a beta of 1.13. Invesco AI and Next Gen Software ETF has a one year low of $33.80 and a one year high of $67.01. The firm’s 50 day moving average price is $62.93 and its two-hundred day moving average price is $58.85.

About Invesco AI and Next Gen Software ETF

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.