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

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 16,227 shares, a decline of 34.9% from the February 26th total of 24,932 shares. Based on an average daily volume of 52,671 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Invesco AI and Next Gen Software ETF Stock Performance

Shares of IGPT opened at $56.92 on Friday. The business’s fifty day moving average price is $62.64 and its two-hundred day moving average price is $59.53. The firm has a market capitalization of $627.83 million, a price-to-earnings ratio of 28.76 and a beta of 1.13. Invesco AI and Next Gen Software ETF has a 52 week low of $33.80 and a 52 week high of $67.01.

Hedge Funds Weigh In On Invesco AI and Next Gen Software ETF

Several hedge funds have recently added to or reduced their stakes in IGPT. Rubicon Advisors GP bought a new stake in Invesco AI and Next Gen Software ETF during the 4th quarter worth about $375,000. EP Wealth Advisors LLC bought a new position in shares of Invesco AI and Next Gen Software ETF in the 4th quarter valued at about $804,000. Cetera Investment Advisers grew its position in shares of Invesco AI and Next Gen Software ETF by 6.2% during the 4th quarter. Cetera Investment Advisers now owns 82,722 shares of the company’s stock worth $4,919,000 after buying an additional 4,862 shares during the period. Osaic Holdings Inc. grew its position in shares of Invesco AI and Next Gen Software ETF by 7.8% during the 4th quarter. Osaic Holdings Inc. now owns 133,192 shares of the company’s stock worth $7,921,000 after buying an additional 9,602 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of Invesco AI and Next Gen Software ETF by 282.1% during the fourth quarter. Royal Bank of Canada now owns 119,030 shares of the company’s stock worth $7,078,000 after buying an additional 87,882 shares during the last quarter.

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.