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 large increase in short interest in the month of May. As of May 29th, there was short interest totaling 207,033 shares, an increase of 538.9% from the May 14th total of 32,404 shares. Based on an average daily volume of 223,301 shares, the short-interest ratio is currently 0.9 days. Currently, 1.8% of the company’s stock are short sold.

Invesco AI and Next Gen Software ETF Stock Performance

Invesco AI and Next Gen Software ETF stock traded down $3.23 during trading on Wednesday, reaching $90.76. 198,160 shares of the company’s stock were exchanged, compared to its average volume of 99,512. The company’s 50-day moving average is $80.66 and its two-hundred day moving average is $67.99. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 28.76 and a beta of 1.42. Invesco AI and Next Gen Software ETF has a 52-week low of $45.91 and a 52-week high of $102.93.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IGPT. Assetmark Inc. purchased a new position in Invesco AI and Next Gen Software ETF in the 1st quarter valued at about $32,000. GGM Financials LLC purchased a new position in Invesco AI and Next Gen Software ETF in the 3rd quarter valued at about $34,000. SOA Wealth Advisors LLC. boosted its position in 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 valued at $34,000 after buying an additional 237 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Invesco AI and Next Gen Software ETF in the 4th quarter valued at about $34,000. Finally, Indiana Trust & Investment Management Co purchased a new position in Invesco AI and Next Gen Software ETF in the 4th quarter valued at about $43,000.

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.