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 drop in short interest in the month of July. As of July 15th, there was short interest totaling 55,649 shares, a drop of 70.8% from the June 30th total of 190,327 shares. Based on an average trading volume of 160,995 shares, the short-interest ratio is currently 0.3 days. Approximately 0.4% of the shares of the stock are short sold.

Invesco AI and Next Gen Software ETF Stock Performance

Shares of Invesco AI and Next Gen Software ETF stock traded down $1.22 on Monday, hitting $87.46. The company’s stock had a trading volume of 132,123 shares, compared to its average volume of 125,653. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 28.76 and a beta of 1.40. Invesco AI and Next Gen Software ETF has a 1 year low of $48.84 and a 1 year high of $109.32. The firm has a fifty day moving average price of $96.63 and a 200-day moving average price of $77.04.

Institutional Trading of Invesco AI and Next Gen Software ETF

A number of institutional investors and hedge funds have recently made changes to their positions in IGPT. Assetmark Inc. purchased a new position in shares of Invesco AI and Next Gen Software ETF during the 1st quarter valued at approximately $32,000. SOA Wealth Advisors LLC. lifted its holdings in Invesco AI and Next Gen Software ETF by 71.2% during the fourth quarter. SOA Wealth Advisors LLC. now owns 570 shares of the company’s stock valued at $34,000 after purchasing an additional 237 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Invesco AI and Next Gen Software ETF in the fourth quarter valued at about $34,000. Indiana Trust & Investment Management Co acquired a new stake in shares of Invesco AI and Next Gen Software ETF in the fourth quarter valued at about $43,000. Finally, Harbour Investments Inc. raised its position in shares of Invesco AI and Next Gen Software ETF by 13.7% during the 4th quarter. Harbour Investments Inc. now owns 1,690 shares of the company’s stock worth $101,000 after purchasing an additional 203 shares during the last quarter.

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.