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

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 232,742 shares, an increase of 125.0% from the August 31st total of 103,452 shares. Based on an average daily volume of 142,943 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.7% of the shares of the company are sold short.

Invesco AI and Next Gen Software ETF Trading Up 0.4%

NYSEARCA IGPT traded up $0.45 on Friday, reaching $103.47. 64,142 shares of the stock were exchanged, compared to its average volume of 132,798. Invesco AI and Next Gen Software ETF has a one year low of $53.17 and a one year high of $109.32. The firm has a market capitalization of $1.42 billion, a PE ratio of 28.76 and a beta of 1.44. The company’s 50-day simple moving average is $93.15 and its two-hundred day simple moving average is $86.64.

Hedge Funds Weigh In On Invesco AI and Next Gen Software ETF

Institutional investors have recently bought and sold shares of the stock. Assetmark Inc. bought a new stake in Invesco AI and Next Gen Software ETF in the first quarter worth $32,000. Compass Financial Management LLC bought a new position in Invesco AI and Next Gen Software ETF during the second quarter valued at $94,000. Harbour Investments Inc. grew its stake in shares of Invesco AI and Next Gen Software ETF by 13.7% in the 4th quarter. Harbour Investments Inc. now owns 1,690 shares of the company’s stock worth $101,000 after buying an additional 203 shares in the last quarter. Platform Wealth Management LLC purchased a new position in shares of Invesco AI and Next Gen Software ETF in the 4th quarter worth $112,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Invesco AI and Next Gen Software ETF in the 2nd quarter worth about $151,000.

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.