Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Short Interest Update

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 15,672 shares, an increase of 77.3% from the December 31st total of 8,838 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 54,436 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 54,436 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in shares of Invesco AI and Next Gen Software ETF during the first quarter worth about $2,152,000. Truist Financial Corp raised its holdings in Invesco AI and Next Gen Software ETF by 8.1% during the 2nd quarter. Truist Financial Corp now owns 8,155 shares of the company’s stock worth $401,000 after buying an additional 609 shares during the period. Chung Wu Investment Group LLC acquired a new stake in Invesco AI and Next Gen Software ETF during the 2nd quarter worth approximately $61,000. Berkshire Money Management Inc. lifted its stake in Invesco AI and Next Gen Software ETF by 4.0% in the second quarter. Berkshire Money Management Inc. now owns 164,343 shares of the company’s stock valued at $8,077,000 after buying an additional 6,344 shares in the last quarter. Finally, Clear Creek Financial Management LLC boosted its holdings in shares of Invesco AI and Next Gen Software ETF by 9.7% in the second quarter. Clear Creek Financial Management LLC now owns 18,086 shares of the company’s stock valued at $889,000 after buying an additional 1,597 shares during the period.

Invesco AI and Next Gen Software ETF Stock Performance

IGPT opened at $64.72 on Friday. The firm’s fifty day moving average is $60.50 and its two-hundred day moving average is $56.29. The firm has a market cap of $708.68 million, a PE ratio of 28.76 and a beta of 1.13. Invesco AI and Next Gen Software ETF has a twelve month low of $33.80 and a twelve month high of $67.01.

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.