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

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 14,598 shares, an increase of 50.7% from the November 30th total of 9,685 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 40,599 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 40,599 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its position in Invesco AI and Next Gen Software ETF by 15.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 9,586 shares of the company’s stock worth $388,000 after purchasing an additional 1,300 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Invesco AI and Next Gen Software ETF during the 1st quarter worth approximately $2,152,000. Orser Capital Management LLC acquired a new stake in Invesco AI and Next Gen Software ETF in the 2nd quarter valued at $1,466,000. Focus Financial Network Inc. bought a new stake in Invesco AI and Next Gen Software ETF in the second quarter valued at $207,000. Finally, Park Avenue Securities LLC acquired a new position in Invesco AI and Next Gen Software ETF during the second quarter worth $258,000.

Invesco AI and Next Gen Software ETF Stock Performance

Shares of Invesco AI and Next Gen Software ETF stock traded down $0.10 during trading on Monday, reaching $59.83. The company’s stock had a trading volume of 15,344 shares, compared to its average volume of 55,815. Invesco AI and Next Gen Software ETF has a one year low of $33.80 and a one year high of $61.81. The firm has a market cap of $646.16 million, a price-to-earnings ratio of 28.76 and a beta of 1.13. The business’s fifty day moving average price is $58.54 and its 200-day moving average price is $53.84.

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.