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

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 32,404 shares, a drop of 60.9% from the April 30th total of 82,790 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 204,852 shares, the short-interest ratio is presently 0.2 days.

Invesco AI and Next Gen Software ETF Trading Up 0.2%

NYSEARCA:IGPT traded up $0.23 during trading hours on Friday, hitting $99.70. 284,671 shares of the company were exchanged, compared to its average volume of 87,343. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 28.76 and a beta of 1.35. Invesco AI and Next Gen Software ETF has a one year low of $44.23 and a one year high of $100.75. The company has a fifty day simple moving average of $75.32 and a 200 day simple moving average of $66.01.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IGPT. Assetmark Inc. bought a new position in shares of Invesco AI and Next Gen Software ETF in the 1st quarter worth about $32,000. SOA Wealth Advisors LLC. raised its position in shares of Invesco AI and Next Gen Software ETF by 71.2% in the 4th quarter. SOA Wealth Advisors LLC. now owns 570 shares of the company’s stock worth $34,000 after acquiring an additional 237 shares in the last quarter. GGM Financials LLC bought a new position in shares of Invesco AI and Next Gen Software ETF in the 3rd quarter worth about $34,000. International Assets Investment Management LLC bought a new position in shares of Invesco AI and Next Gen Software ETF in the 4th quarter worth about $34,000. Finally, Indiana Trust & Investment Management Co bought a new position in shares of Invesco AI and Next Gen Software ETF in the 4th quarter worth about $43,000.

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.