Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Shares Shorted: Short Interest Down 43.8% in September

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 130,797 shares, a decline of 43.8% from the September 15th total of 232,742 shares. Based on an average daily trading volume, of 142,186 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.9% of the company’s shares are short sold.

Institutional Trading of Invesco AI and Next Gen Software ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. StoneCrest Wealth Management Inc. purchased a new stake in shares of Invesco AI and Next Gen Software ETF in the 2nd quarter worth approximately $7,106,000. Nilsine Partners LLC purchased a new stake in Invesco AI and Next Gen Software ETF during the 2nd quarter valued at about $1,586,000. Envestnet Asset Management Inc. raised its holdings in Invesco AI and Next Gen Software ETF by 74.5% in the second quarter. Envestnet Asset Management Inc. now owns 26,656 shares of the company’s stock worth $2,775,000 after buying an additional 11,384 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Invesco AI and Next Gen Software ETF by 6.4% during the first quarter. Bank of America Corp DE now owns 153,751 shares of the company’s stock valued at $8,927,000 after buying an additional 9,190 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Invesco AI and Next Gen Software ETF by 2,517.3% during the first quarter. Fifth Third Bancorp now owns 7,852 shares of the company’s stock valued at $456,000 after acquiring an additional 7,552 shares in the last quarter.

Invesco AI and Next Gen Software ETF Price Performance

IGPT stock traded down $0.43 during trading on Thursday, reaching $93.35. The company had a trading volume of 155,215 shares, compared to its average volume of 135,070. Invesco AI and Next Gen Software ETF has a 52 week low of $53.27 and a 52 week high of $109.32. The company has a market cap of $1.37 billion, a P/E ratio of 28.76 and a beta of 1.43. The business has a 50 day moving average of $96.20 and a 200 day moving average of $90.24.

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.