Short Interest in Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Drops By 80.3%

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) saw a significant decrease in short interest in August. As of August 15th, there was short interest totaling 25,600 shares, adecreaseof80.3% from the July 31st total of 129,700 shares. Based on an average daily volume of 53,800 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 53,800 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Invesco AI and Next Gen Software ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IGPT. Corient Private Wealth LLC lifted its position in shares of Invesco AI and Next Gen Software ETF by 6.3% during the 2nd quarter. Corient Private Wealth LLC now owns 28,414 shares of the company’s stock valued at $1,396,000 after acquiring an additional 1,677 shares during the period. IHT Wealth Management LLC acquired a new stake in Invesco AI and Next Gen Software ETF in the 2nd quarter valued at $288,000. M Holdings Securities Inc. purchased a new position in Invesco AI and Next Gen Software ETF in the 2nd quarter valued at about $492,000. Hsbc Holdings PLC acquired a new position in Invesco AI and Next Gen Software ETF in the second quarter worth about $953,000. Finally, Journey Strategic Wealth LLC acquired a new position in Invesco AI and Next Gen Software ETF in the second quarter worth about $13,818,000.

Invesco AI and Next Gen Software ETF Trading Down 1.0%

Shares of NYSEARCA:IGPT opened at $50.39 on Wednesday. Invesco AI and Next Gen Software ETF has a 52 week low of $33.80 and a 52 week high of $51.67. The company’s 50 day moving average is $50.04 and its two-hundred day moving average is $45.49. The company has a market cap of $498.86 million, a PE ratio of 28.76 and a beta of 1.09.

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.