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

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 282,957 shares, an increase of 48.9% from the July 30th total of 190,030 shares. Based on an average daily volume of 132,574 shares, the days-to-cover ratio is presently 2.1 days. Approximately 2.1% of the shares of the company are short sold.

Institutional Trading of Invesco AI and Next Gen Software ETF

Several institutional investors and hedge funds have recently bought and sold shares of IGPT. Assetmark Inc. purchased a new position in shares of Invesco AI and Next Gen Software ETF during the first quarter worth $32,000. International Assets Investment Management LLC purchased a new position in shares of Invesco AI and Next Gen Software ETF during the 4th quarter valued at about $34,000. Compass Financial Management LLC acquired a new stake in Invesco AI and Next Gen Software ETF during the second quarter worth about $94,000. Harbour Investments Inc. raised its position in Invesco AI and Next Gen Software ETF by 13.7% during the fourth quarter. Harbour Investments Inc. now owns 1,690 shares of the company’s stock valued at $101,000 after acquiring an additional 203 shares in the last quarter. Finally, CWM LLC raised its position in Invesco AI and Next Gen Software ETF by 42.2% during the fourth quarter. CWM LLC now owns 1,728 shares of the company’s stock valued at $103,000 after acquiring an additional 513 shares in the last quarter.

Invesco AI and Next Gen Software ETF Stock Down 1.2%

Shares of Invesco AI and Next Gen Software ETF stock traded down $1.14 on Tuesday, reaching $90.89. 126,234 shares of the stock were exchanged, compared to its average volume of 130,808. Invesco AI and Next Gen Software ETF has a twelve month low of $49.73 and a twelve month high of $109.32. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 28.76 and a beta of 1.44. The business has a 50 day moving average price of $93.34 and a two-hundred day moving average price of $82.10.

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.