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

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

Invesco AI and Next Gen Software ETF Trading Down 0.0%

Shares of Invesco AI and Next Gen Software ETF stock traded down $0.03 on Tuesday, reaching $92.97. The stock had a trading volume of 19,926 shares, compared to its average volume of 131,388. Invesco AI and Next Gen Software ETF has a 1 year low of $52.90 and a 1 year high of $109.32. The company has a market cap of $1.23 billion, a P/E ratio of 28.76 and a beta of 1.44. The business’s 50 day moving average is $92.23 and its two-hundred day moving average is $84.29.

Institutional Trading of Invesco AI and Next Gen Software ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in shares of Invesco AI and Next Gen Software ETF by 6.4% during the first quarter. Bank of America Corp DE now owns 153,751 shares of the company’s stock worth $8,927,000 after purchasing an additional 9,190 shares in the last quarter. StoneCrest Wealth Management Inc. purchased a new stake in Invesco AI and Next Gen Software ETF in the second quarter valued at approximately $7,106,000. Northwestern Mutual Wealth Management Co. raised its stake in Invesco AI and Next Gen Software ETF by 788.0% in the fourth 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. Corient Private Wealth LP lifted its position in Invesco AI and Next Gen Software ETF by 22.4% during the second quarter. Corient Private Wealth LP now owns 39,168 shares of the company’s stock valued at $4,077,000 after purchasing an additional 7,162 shares during the last quarter. Finally, Kestra Private Wealth Services LLC lifted its position in Invesco AI and Next Gen Software ETF by 5.2% during the first quarter. Kestra Private Wealth Services LLC now owns 38,815 shares of the company’s stock valued at $2,254,000 after purchasing an additional 1,933 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.