Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Stock Short Interest Rises 125.0%

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

Institutional Trading of Invesco AI and Next Gen Software ETF

Institutional investors have recently modified their holdings of the business. Assetmark Inc. purchased a new stake in shares of Invesco AI and Next Gen Software ETF during the 1st quarter worth $32,000. Compass Financial Management LLC acquired a new position in shares of Invesco AI and Next Gen Software ETF during the 2nd quarter worth $94,000. Integrated Wealth Concepts LLC purchased a new position in shares of Invesco AI and Next Gen Software ETF in the 2nd quarter valued at about $151,000. Harbour Investments Inc. increased its holdings 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 valued at $101,000 after purchasing an additional 203 shares in the last quarter. Finally, Platform Wealth Management LLC acquired a new stake in shares of Invesco AI and Next Gen Software ETF in the fourth quarter valued at about $112,000.

Invesco AI and Next Gen Software ETF Stock Performance

NYSEARCA:IGPT traded down $2.42 during mid-day trading on Monday, reaching $101.05. The stock had a trading volume of 128,079 shares, compared to its average volume of 132,772. Invesco AI and Next Gen Software ETF has a twelve month low of $53.27 and a twelve month high of $109.32. The business has a 50 day simple moving average of $93.15 and a 200 day simple moving average of $86.64. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 28.76 and a beta of 1.44.

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.