Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Short Interest Up 372.2% in April

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 82,790 shares, a growth of 372.2% from the April 15th total of 17,532 shares. Based on an average trading volume of 66,111 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.7% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IGPT. Assetmark Inc. bought a new position in Invesco AI and Next Gen Software ETF in the 1st quarter worth approximately $32,000. SOA Wealth Advisors LLC. grew its holdings in shares of Invesco AI and Next Gen Software ETF by 71.2% during the 4th quarter. SOA Wealth Advisors LLC. now owns 570 shares of the company’s stock worth $34,000 after purchasing an additional 237 shares in the last quarter. GGM Financials LLC acquired a new stake in shares of Invesco AI and Next Gen Software ETF during the 3rd quarter worth approximately $34,000. International Assets Investment Management LLC acquired a new stake in shares of Invesco AI and Next Gen Software ETF during the 4th quarter worth approximately $34,000. Finally, Indiana Trust & Investment Management Co acquired a new stake in shares of Invesco AI and Next Gen Software ETF during the 4th quarter worth approximately $43,000.

Invesco AI and Next Gen Software ETF Stock Down 2.8%

Shares of IGPT traded down $2.58 during midday trading on Friday, reaching $88.23. 185,048 shares of the stock were exchanged, compared to its average volume of 73,821. Invesco AI and Next Gen Software ETF has a 12-month low of $44.18 and a 12-month high of $93.78. The firm has a 50 day simple moving average of $68.57 and a 200-day simple moving average of $63.51. The company has a market cap of $997.00 million, a price-to-earnings ratio of 28.76 and a beta of 1.35.

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.