Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Stock Short Interest Report for September

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 130,797 shares, a decline of 43.8% from the September 15th total of 232,742 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 142,186 shares, the short-interest ratio is presently 0.9 days.

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

A number of large investors have recently made changes to their positions in the company. Assetmark Inc. purchased a new stake in shares of Invesco AI and Next Gen Software ETF in the 1st quarter valued at approximately $32,000. Compass Financial Management LLC acquired a new stake in Invesco AI and Next Gen Software ETF during the 2nd quarter valued at $94,000. Integrated Wealth Concepts LLC acquired a new stake in Invesco AI and Next Gen Software ETF during the 2nd quarter valued at $151,000. Sherman Wealth Management LLC acquired a new stake in Invesco AI and Next Gen Software ETF during the 2nd quarter valued at $239,000. Finally, Grant Private Wealth Management Inc purchased a new stake in shares of Invesco AI and Next Gen Software ETF in the second quarter valued at $256,000.

Invesco AI and Next Gen Software ETF Trading Down 4.3%

IGPT stock traded down $3.99 during mid-day trading on Friday, reaching $89.36. 249,554 shares of the stock traded hands, compared to its average volume of 135,645. Invesco AI and Next Gen Software ETF has a 52-week low of $53.27 and a 52-week high of $109.32. The company has a market cap of $1.31 billion, a P/E ratio of 28.76 and a beta of 1.43. The stock’s fifty day moving average is $96.20 and its 200-day moving average is $90.49.

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.