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

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 282,957 shares, a growth of 48.9% from the July 30th total of 190,030 shares. Currently, 2.1% of the shares of the company are short sold. Based on an average daily trading volume, of 132,574 shares, the days-to-cover ratio is presently 2.1 days.

Invesco AI and Next Gen Software ETF Stock Performance

Invesco AI and Next Gen Software ETF stock traded up $0.56 during trading hours on Wednesday, reaching $91.27. 19,738 shares of the stock were exchanged, compared to its average volume of 130,446. Invesco AI and Next Gen Software ETF has a 52-week low of $50.26 and a 52-week high of $109.32. The stock has a market cap of $1.20 billion, a P/E ratio of 28.76 and a beta of 1.44. The firm’s 50 day moving average is $93.14 and its 200 day moving average is $82.29.

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

Large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its stake in Invesco AI and Next Gen Software ETF by 788.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 104,566 shares of the company’s stock valued at $6,219,000 after purchasing an additional 92,790 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Invesco AI and Next Gen Software ETF during the fourth quarter worth about $5,401,000. Royal Bank of Canada raised its holdings in Invesco AI and Next Gen Software ETF by 282.1% in the 4th quarter. Royal Bank of Canada now owns 119,030 shares of the company’s stock valued at $7,078,000 after acquiring an additional 87,882 shares during the last quarter. StoneCrest Wealth Management Inc. acquired a new position in Invesco AI and Next Gen Software ETF in the second quarter valued at $7,106,000. Finally, Two Sigma Investments LP acquired a new position in shares of Invesco AI and Next Gen Software ETF during the 3rd quarter valued at about $2,323,000.

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.