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

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 207,033 shares, an increase of 538.9% from the May 14th total of 32,404 shares. Approximately 1.8% of the company’s shares are sold short. Based on an average daily trading volume, of 223,301 shares, the short-interest ratio is currently 0.9 days.

Invesco AI and Next Gen Software ETF Stock Down 3.4%

Shares of IGPT stock traded down $3.23 on Wednesday, reaching $90.76. 198,160 shares of the stock were exchanged, compared to its average volume of 99,512. The stock has a market cap of $1.03 billion, a P/E ratio of 28.76 and a beta of 1.42. The firm has a 50 day moving average of $80.66 and a two-hundred day moving average of $67.99. Invesco AI and Next Gen Software ETF has a 1-year low of $45.91 and a 1-year high of $102.93.

Institutional Trading of Invesco AI and Next Gen Software ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Western Wealth Management LLC acquired a new stake in shares of Invesco AI and Next Gen Software ETF during the 1st quarter worth $187,000. Bank of America Corp DE increased its holdings in shares of Invesco AI and Next Gen Software ETF by 6.4% during the 1st quarter. Bank of America Corp DE now owns 153,751 shares of the company’s stock worth $8,927,000 after buying an additional 9,190 shares during the last quarter. NewEdge Wealth LLC acquired a new stake in shares of Invesco AI and Next Gen Software ETF during the 1st quarter worth $220,000. Assetmark Inc. acquired a new stake in shares of Invesco AI and Next Gen Software ETF during the 1st quarter worth $32,000. Finally, Independent Financial Group LLC purchased a new stake in Invesco AI and Next Gen Software ETF during the 1st quarter worth $227,000.

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.