Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT – Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 232,742 shares, an increase of 125.0% from the August 31st total of 103,452 shares. Based on an average trading volume of 142,943 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.7% of the company’s shares are sold short.
Invesco AI and Next Gen Software ETF Price Performance
Shares of NYSEARCA:IGPT traded down $0.14 during mid-day trading on Tuesday, reaching $100.91. 53,185 shares of the company were exchanged, compared to its average volume of 132,337. Invesco AI and Next Gen Software ETF has a 1 year low of $53.27 and a 1 year high of $109.32. The firm’s 50-day simple moving average is $93.39 and its 200 day simple moving average is $86.91. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 28.76 and a beta of 1.44.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Assetmark Inc. purchased a new stake in shares of Invesco AI and Next Gen Software ETF in the 1st quarter valued at $32,000. Compass Financial Management LLC purchased a new position in Invesco AI and Next Gen Software ETF during the 2nd quarter valued at about $94,000. Harbour Investments Inc. grew its position in Invesco AI and Next Gen Software ETF by 13.7% in the 4th quarter. Harbour Investments Inc. now owns 1,690 shares of the company’s stock valued at $101,000 after acquiring an additional 203 shares in the last quarter. Platform Wealth Management LLC acquired a new position in Invesco AI and Next Gen Software ETF in the 4th quarter valued at about $112,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in Invesco AI and Next Gen Software ETF during the second quarter worth about $151,000.
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.
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