Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Short Interest Down 60.9% in May

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 32,404 shares, a decline of 60.9% from the April 30th total of 82,790 shares. Based on an average trading volume of 204,852 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the company’s shares are sold short.

Invesco AI and Next Gen Software ETF Price Performance

IGPT stock opened at $99.70 on Friday. Invesco AI and Next Gen Software ETF has a 52-week low of $44.23 and a 52-week high of $100.75. The company’s 50 day simple moving average is $75.32 and its 200-day simple moving average is $65.97. The firm has a market capitalization of $1.13 billion, a P/E ratio of 28.76 and a beta of 1.35.

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

Large investors have recently made changes to their positions in the company. Opus Capital Group LLC acquired a new stake in shares of Invesco AI and Next Gen Software ETF during the fourth quarter valued at approximately $1,354,000. Redstone Wealth Management LLC acquired a new stake in shares of Invesco AI and Next Gen Software ETF during the fourth quarter valued at approximately $425,000. Journey Strategic Wealth LLC raised its holdings in shares of Invesco AI and Next Gen Software ETF by 7.8% during the third quarter. Journey Strategic Wealth LLC now owns 303,057 shares of the company’s stock valued at $16,374,000 after acquiring an additional 21,899 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Invesco AI and Next Gen Software ETF by 27.6% during the third quarter. Jones Financial Companies Lllp now owns 73,985 shares of the company’s stock valued at $3,966,000 after acquiring an additional 15,984 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco AI and Next Gen Software ETF by 788.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 104,566 shares of the company’s stock valued at $6,219,000 after acquiring an additional 92,790 shares during the period.

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.