Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Short Interest Down 63.4% in August

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 103,452 shares, a drop of 63.4% from the August 15th total of 282,957 shares. Based on an average trading volume of 111,499 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.8% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IGPT. Assetmark Inc. purchased a new stake in shares of Invesco AI and Next Gen Software ETF in the first quarter valued at $32,000. International Assets Investment Management LLC purchased a new stake in shares of Invesco AI and Next Gen Software ETF in the 4th quarter worth $34,000. Compass Financial Management LLC bought a new position in Invesco AI and Next Gen Software ETF during the 2nd quarter worth about $94,000. Harbour Investments Inc. increased its holdings in Invesco AI and Next Gen Software ETF by 13.7% during the fourth quarter. Harbour Investments Inc. now owns 1,690 shares of the company’s stock valued at $101,000 after buying an additional 203 shares during the period. Finally, Platform Wealth Management LLC bought a new position in shares of Invesco AI and Next Gen Software ETF in the 4th quarter worth $112,000.

Invesco AI and Next Gen Software ETF Stock Up 1.5%

Shares of Invesco AI and Next Gen Software ETF stock traded up $1.44 on Friday, reaching $95.73. The company’s stock had a trading volume of 56,287 shares, compared to its average volume of 131,758. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 28.76 and a beta of 1.44. The firm’s fifty day simple moving average is $92.34 and its two-hundred day simple moving average is $83.94. Invesco AI and Next Gen Software ETF has a 52 week low of $52.74 and a 52 week high of $109.32.

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.