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

by · The Cerbat Gem

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT – Get Free Report) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 55,649 shares, a decline of 70.8% from the June 30th total of 190,327 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 160,995 shares, the days-to-cover ratio is presently 0.3 days.

Invesco AI and Next Gen Software ETF Stock Performance

Shares of IGPT stock opened at $88.68 on Friday. Invesco AI and Next Gen Software ETF has a fifty-two week low of $48.84 and a fifty-two week high of $109.32. The company has a 50 day moving average price of $96.63 and a 200 day moving average price of $76.93. The stock has a market capitalization of $1.21 billion, a P/E ratio of 28.76 and a beta of 1.40.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IGPT. Assetmark Inc. acquired a new stake in Invesco AI and Next Gen Software ETF in the 1st quarter valued at about $32,000. SOA Wealth Advisors LLC. raised its holdings in Invesco AI and Next Gen Software ETF by 71.2% in the fourth quarter. SOA Wealth Advisors LLC. now owns 570 shares of the company’s stock valued at $34,000 after acquiring an additional 237 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Invesco AI and Next Gen Software ETF in the fourth quarter valued at approximately $34,000. Indiana Trust & Investment Management Co purchased a new position in Invesco AI and Next Gen Software ETF in the fourth quarter worth approximately $43,000. Finally, Harbour Investments Inc. lifted its stake in Invesco AI and Next Gen Software ETF by 13.7% in the fourth quarter. Harbour Investments Inc. now owns 1,690 shares of the company’s stock worth $101,000 after acquiring an additional 203 shares during the last quarter.

Invesco AI and Next Gen Software ETF Company Profile

(Get Free Report)

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.

See Also