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 growth in short interest in July. As of July 31st, there was short interest totaling 190,030 shares, a growth of 241.5% from the July 15th total of 55,649 shares. Based on an average daily volume of 301,939 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.4% of the shares of the stock are sold short.

Invesco AI and Next Gen Software ETF Trading Up 0.9%

IGPT traded up $0.88 on Friday, hitting $96.14. 60,955 shares of the company’s stock traded hands, compared to its average volume of 132,291. The company’s 50 day simple moving average is $94.93 and its 200-day simple moving average is $79.68. Invesco AI and Next Gen Software ETF has a one year low of $48.84 and a one year high of $109.32. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 28.76 and a beta of 1.43.

Institutional Investors Weigh In On Invesco AI and Next Gen Software ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Wealthcare Advisory Partners LLC lifted its holdings in shares of Invesco AI and Next Gen Software ETF by 1.7% in the second quarter. Wealthcare Advisory Partners LLC now owns 6,608 shares of the company’s stock worth $688,000 after buying an additional 108 shares in the last quarter. Harbour Investments Inc. grew its stake in Invesco AI and Next Gen Software ETF by 13.7% during the fourth quarter. Harbour Investments Inc. now owns 1,690 shares of the company’s stock valued at $101,000 after acquiring an additional 203 shares in the last quarter. HighTower Advisors LLC grew its stake in Invesco AI and Next Gen Software ETF by 6.5% during the fourth quarter. HighTower Advisors LLC now owns 4,897 shares of the company’s stock valued at $291,000 after acquiring an additional 301 shares in the last quarter. Aspen Investment Management Inc grew its stake in Invesco AI and Next Gen Software ETF by 4.2% during the first quarter. Aspen Investment Management Inc now owns 7,761 shares of the company’s stock valued at $451,000 after acquiring an additional 314 shares in the last quarter. Finally, Kestra Private Wealth Services LLC increased its holdings in Invesco AI and Next Gen Software ETF by 1.0% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 35,162 shares of the company’s stock valued at $1,900,000 after acquiring an additional 331 shares during the last quarter.

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.