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 target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 82,790 shares, an increase of 372.2% from the April 15th total of 17,532 shares. Based on an average daily volume of 66,111 shares, the short-interest ratio is currently 1.3 days. Approximately 0.7% of the shares of the company are sold short.

Institutional Trading of Invesco AI and Next Gen Software ETF

Hedge funds have recently made changes to their positions in the company. Opus Capital Group LLC bought a new stake in shares of Invesco AI and Next Gen Software ETF in the fourth quarter valued at $1,354,000. Journey Strategic Wealth LLC raised its stake in shares of Invesco AI and Next Gen Software ETF by 7.8% in the third quarter. Journey Strategic Wealth LLC now owns 303,057 shares of the company’s stock valued at $16,374,000 after buying an additional 21,899 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Invesco AI and Next Gen Software ETF by 27.6% in the third quarter. Jones Financial Companies Lllp now owns 73,985 shares of the company’s stock valued at $3,966,000 after buying an additional 15,984 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Invesco AI and Next Gen Software ETF by 109.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,725 shares of the company’s stock valued at $1,222,000 after buying an additional 11,350 shares during the period. Finally, Sovran Advisors LLC bought a new stake in shares of Invesco AI and Next Gen Software ETF in the third quarter valued at $256,000.

Invesco AI and Next Gen Software ETF Trading Down 3.9%

IGPT stock opened at $89.53 on Wednesday. The stock’s fifty day simple moving average is $67.41 and its two-hundred day simple moving average is $63.05. Invesco AI and Next Gen Software ETF has a 1-year low of $44.18 and a 1-year high of $93.78. The stock has a market cap of $1.01 billion, a P/E ratio of 28.76 and a beta of 1.35.

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.