Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Short Interest Update

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 282,957 shares, a growth of 48.9% from the July 30th total of 190,030 shares. Currently, 2.1% of the shares of the stock are short sold. Based on an average trading volume of 132,574 shares, the short-interest ratio is currently 2.1 days.

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

Several large investors have recently bought and sold shares of IGPT. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco AI and Next Gen Software ETF by 788.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 104,566 shares of the company’s stock worth $6,219,000 after acquiring an additional 92,790 shares during the last quarter. Jane Street Group LLC acquired a new position in Invesco AI and Next Gen Software ETF in the 4th quarter valued at $5,401,000. Royal Bank of Canada lifted its holdings in Invesco AI and Next Gen Software ETF by 282.1% in the 4th quarter. Royal Bank of Canada now owns 119,030 shares of the company’s stock valued at $7,078,000 after purchasing an additional 87,882 shares in the last quarter. StoneCrest Wealth Management Inc. purchased a new position in Invesco AI and Next Gen Software ETF in the 2nd quarter valued at $7,106,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Invesco AI and Next Gen Software ETF during the third quarter worth $2,323,000.

Invesco AI and Next Gen Software ETF Stock Up 0.7%

IGPT opened at $91.34 on Thursday. The firm’s fifty day simple moving average is $92.97 and its two-hundred day simple moving average is $82.49. Invesco AI and Next Gen Software ETF has a 52-week low of $50.26 and a 52-week high of $109.32. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 28.76 and a beta of 1.44.

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.