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

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) saw a large decline in short interest in 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 shares of the stock are short sold. Based on an average trading volume of 160,995 shares, the days-to-cover ratio is presently 0.3 days.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in Invesco AI and Next Gen Software ETF in the 1st quarter valued at $2,152,000. IHT Wealth Management LLC acquired a new stake in shares of Invesco AI and Next Gen Software ETF in the second quarter valued at about $288,000. Corient Private Wealth LLC boosted its position in Invesco AI and Next Gen Software ETF by 6.3% during the second quarter. Corient Private Wealth LLC now owns 28,414 shares of the company’s stock worth $1,396,000 after acquiring an additional 1,677 shares during the last quarter. Two Sigma Investments LP acquired a new position in Invesco AI and Next Gen Software ETF during the third quarter worth about $2,323,000. Finally, Raymond James Financial Inc. grew its stake in Invesco AI and Next Gen Software ETF by 6.1% during the 3rd quarter. Raymond James Financial Inc. now owns 38,927 shares of the company’s stock valued at $2,103,000 after acquiring an additional 2,239 shares in the last quarter.

Invesco AI and Next Gen Software ETF Stock Down 3.3%

IGPT opened at $88.68 on Friday. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 28.76 and a beta of 1.40. Invesco AI and Next Gen Software ETF has a 52-week low of $48.84 and a 52-week high of $109.32. The firm’s fifty day simple moving average is $96.63 and its two-hundred day simple moving average is $76.93.

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.