Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Short Interest Up 241.5% in July

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 190,030 shares, an increase of 241.5% from the July 15th total of 55,649 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average trading volume of 301,939 shares, the short-interest ratio is currently 0.6 days.

Invesco AI and Next Gen Software ETF Stock Up 1.9%

IGPT stock traded up $1.80 during midday trading on Thursday, reaching $94.77. 12,720 shares of the company’s stock traded hands, compared to its average volume of 131,667. The company has a 50-day simple moving average of $95.04 and a two-hundred day simple moving average of $79.47. Invesco AI and Next Gen Software ETF has a 1-year low of $48.84 and a 1-year high of $109.32. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 28.76 and a beta of 1.43.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Compass Financial Management LLC acquired a new stake in Invesco AI and Next Gen Software ETF in the 2nd quarter valued at about $94,000. Sherman Wealth Management LLC bought a new stake in shares of Invesco AI and Next Gen Software ETF during the second quarter valued at approximately $239,000. Wealthcare Advisory Partners LLC increased its holdings in shares of Invesco AI and Next Gen Software ETF by 1.7% in the second quarter. Wealthcare Advisory Partners LLC now owns 6,608 shares of the company’s stock valued at $688,000 after purchasing an additional 108 shares in the last quarter. Focus Financial Network Inc. raised its position in Invesco AI and Next Gen Software ETF by 8.5% in the 2nd quarter. Focus Financial Network Inc. now owns 4,480 shares of the company’s stock worth $466,000 after purchasing an additional 350 shares during the last quarter. Finally, StoneCrest Wealth Management Inc. bought a new position in Invesco AI and Next Gen Software ETF in the 2nd quarter worth approximately $7,106,000.

Invesco AI and Next Gen Software ETF Company Profile

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.