Short Interest in Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Drops By 39.5%

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 8,838 shares, a decline of 39.5% from the December 15th total of 14,598 shares. Based on an average daily volume of 36,338 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 36,338 shares, the days-to-cover ratio is presently 0.2 days.

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

Several hedge funds have recently bought and sold shares of IGPT. Wealthcare Advisory Partners LLC bought a new stake in Invesco AI and Next Gen Software ETF during the 4th quarter worth approximately $391,000. CIBC Bancorp USA Inc. purchased a new position in shares of Invesco AI and Next Gen Software ETF during the 3rd quarter valued at $622,000. Kestra Private Wealth Services LLC increased its holdings in shares of Invesco AI and Next Gen Software ETF by 1.0% in the third quarter. Kestra Private Wealth Services LLC now owns 35,162 shares of the company’s stock worth $1,900,000 after purchasing an additional 331 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco AI and Next Gen Software ETF by 29.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 11,776 shares of the company’s stock worth $636,000 after purchasing an additional 2,672 shares during the period. Finally, Mariner LLC raised its position in shares of Invesco AI and Next Gen Software ETF by 15.2% in the third quarter. Mariner LLC now owns 5,692 shares of the company’s stock worth $308,000 after buying an additional 750 shares in the last quarter.

Invesco AI and Next Gen Software ETF Stock Performance

NYSEARCA IGPT traded up $0.31 during trading hours on Friday, hitting $62.62. The company had a trading volume of 46,071 shares, compared to its average volume of 53,634. The firm has a market capitalization of $685.69 million, a price-to-earnings ratio of 28.76 and a beta of 1.13. Invesco AI and Next Gen Software ETF has a 52 week low of $33.80 and a 52 week high of $63.18. The firm has a 50 day simple moving average of $59.12 and a 200 day simple moving average of $55.23.

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.