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 significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 130,797 shares, a drop of 43.8% from the September 15th total of 232,742 shares. Based on an average daily trading volume, of 142,186 shares, the short-interest ratio is presently 0.9 days. Approximately 0.9% of the shares of the company are sold short.

Invesco AI and Next Gen Software ETF Trading Down 0.5%

NYSEARCA:IGPT traded down $0.43 during mid-day trading on Thursday, reaching $93.35. The company’s stock had a trading volume of 155,215 shares, compared to its average volume of 135,070. Invesco AI and Next Gen Software ETF has a 12-month low of $53.27 and a 12-month high of $109.32. The firm’s fifty day moving average price is $96.20 and its two-hundred day moving average price is $90.24. The stock has a market cap of $1.37 billion, a P/E ratio of 28.76 and a beta of 1.43.

Institutional Trading of Invesco AI and Next Gen Software ETF

Large investors have recently made changes to their positions in the stock. Polaris Financial Partners bought a new position in Invesco AI and Next Gen Software ETF during the third quarter valued at approximately $265,000. Envestnet Asset Management Inc. increased its position in Invesco AI and Next Gen Software ETF by 74.5% during the second quarter. Envestnet Asset Management Inc. now owns 26,656 shares of the company’s stock valued at $2,775,000 after acquiring an additional 11,384 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Invesco AI and Next Gen Software ETF in the 2nd quarter worth approximately $151,000. NewEdge Advisors LLC increased its holdings in Invesco AI and Next Gen Software ETF by 951.4% during the second quarter. NewEdge Advisors LLC now owns 5,152 shares of the company’s stock valued at $536,000 after buying an additional 4,662 shares during the last quarter. Finally, Corient Private Wealth LP boosted its stake in shares of Invesco AI and Next Gen Software ETF by 22.4% during the 2nd quarter. Corient Private Wealth LP now owns 39,168 shares of the company’s stock worth $4,077,000 after acquiring an additional 7,162 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.