Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT – Get Free Report) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 207,033 shares, a growth of 538.9% from the May 14th total of 32,404 shares. Based on an average daily volume of 223,301 shares, the short-interest ratio is currently 0.9 days. Currently, 1.8% of the shares of the stock are short sold.
Invesco AI and Next Gen Software ETF Stock Up 1.1%
IGPT stock traded up $1.05 during trading on Friday, hitting $97.93. The company had a trading volume of 104,122 shares, compared to its average volume of 100,619. The firm has a market capitalization of $1.11 billion, a P/E ratio of 28.76 and a beta of 1.42. Invesco AI and Next Gen Software ETF has a 52-week low of $45.91 and a 52-week high of $102.93. The company has a 50 day simple moving average of $82.14 and a 200-day simple moving average of $68.55.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. bought a new position in shares of Invesco AI and Next Gen Software ETF during the 1st quarter worth $32,000. GGM Financials LLC bought a new position in shares of Invesco AI and Next Gen Software ETF during the 3rd quarter worth $34,000. SOA Wealth Advisors LLC. grew its position in shares of Invesco AI and Next Gen Software ETF by 71.2% during the 4th quarter. SOA Wealth Advisors LLC. now owns 570 shares of the company’s stock worth $34,000 after buying an additional 237 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Invesco AI and Next Gen Software ETF during the 4th quarter worth $34,000. Finally, Indiana Trust & Investment Management Co bought a new position in shares of Invesco AI and Next Gen Software ETF during the 4th quarter worth $43,000.
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.
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