Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Sees Large 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 July. As of July 31st, there was short interest totaling 190,030 shares, an increase of 241.5% from the July 15th total of 55,649 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily trading volume, of 301,939 shares, the short-interest ratio is presently 0.6 days.

Invesco AI and Next Gen Software ETF Price Performance

IGPT opened at $96.14 on Friday. The stock has a market capitalization of $1.27 billion, a PE ratio of 28.76 and a beta of 1.43. The firm’s fifty day moving average price is $95.04 and its 200 day moving average price is $79.80. Invesco AI and Next Gen Software ETF has a 12-month low of $48.84 and a 12-month high of $109.32.

Institutional Investors Weigh In On Invesco AI and Next Gen Software ETF

Several hedge funds and other institutional investors have recently modified their holdings of IGPT. Assetmark Inc. bought a new position in shares of Invesco AI and Next Gen Software ETF during the first quarter worth about $32,000. International Assets Investment Management LLC bought a new stake in Invesco AI and Next Gen Software ETF in the fourth quarter valued at about $34,000. Compass Financial Management LLC bought a new stake in Invesco AI and Next Gen Software ETF in the second quarter valued at about $94,000. Harbour Investments Inc. raised its stake 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 buying an additional 203 shares in the last quarter. Finally, CWM LLC raised its stake 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 buying an additional 513 shares in the last quarter.

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.