Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Sees Large Growth in Short Interest

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 24,932 shares, an increase of 137.1% from the February 12th total of 10,516 shares. Based on an average trading volume of 41,619 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 41,619 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Invesco AI and Next Gen Software ETF

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in Invesco AI and Next Gen Software ETF during the 1st quarter worth approximately $2,152,000. Envestnet Asset Management Inc. lifted its position in shares of Invesco AI and Next Gen Software ETF by 143.8% in the second quarter. Envestnet Asset Management Inc. now owns 26,638 shares of the company’s stock worth $1,309,000 after purchasing an additional 15,711 shares in the last quarter. Prospera Financial Services Inc bought a new stake in shares of Invesco AI and Next Gen Software ETF in the second quarter worth $261,000. Journey Strategic Wealth LLC acquired a new position in Invesco AI and Next Gen Software ETF during the second quarter worth $13,818,000. Finally, Hsbc Holdings PLC acquired a new position in Invesco AI and Next Gen Software ETF during the second quarter worth $953,000.

Invesco AI and Next Gen Software ETF Trading Up 0.0%

IGPT opened at $60.81 on Friday. The stock has a market capitalization of $670.73 million, a P/E ratio of 28.76 and a beta of 1.13. Invesco AI and Next Gen Software ETF has a 12 month low of $33.80 and a 12 month high of $67.01. The firm’s fifty day simple moving average is $62.93 and its 200 day simple moving average is $58.85.

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.