Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Shares Shorted: Short Interest Up 125.0% in September

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 232,742 shares, a growth of 125.0% from the August 31st total of 103,452 shares. Based on an average daily trading volume, of 142,943 shares, the short-interest ratio is presently 1.6 days. Currently, 1.7% of the company’s shares are short sold.

Invesco AI and Next Gen Software ETF Stock Performance

NYSEARCA IGPT traded up $0.45 on Friday, hitting $103.47. 64,142 shares of the stock were exchanged, compared to its average volume of 132,798. Invesco AI and Next Gen Software ETF has a 52-week low of $53.17 and a 52-week high of $109.32. The firm has a market capitalization of $1.42 billion, a P/E ratio of 28.76 and a beta of 1.44. The stock has a fifty day moving average price of $93.15 and a two-hundred day moving average price of $86.64.

Institutional Trading of Invesco AI and Next Gen Software ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position 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 valued at $8,927,000 after buying an additional 9,190 shares during the period. StoneCrest Wealth Management Inc. bought a new stake in shares of Invesco AI and Next Gen Software ETF during the 2nd quarter worth approximately $7,106,000. Corient Private Wealth LP boosted its holdings in 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 valued at $4,077,000 after acquiring an additional 7,162 shares during the period. Envestnet Asset Management Inc. grew its position in Invesco AI and Next Gen Software ETF by 74.5% in the 2nd 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. Finally, Kestra Private Wealth Services LLC increased its stake in Invesco AI and Next Gen Software ETF by 5.2% in the first quarter. Kestra Private Wealth Services LLC now owns 38,815 shares of the company’s stock worth $2,254,000 after purchasing an additional 1,933 shares during the period.

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.