Short Interest in Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Rises By 236.3%
by Amy Steele · The Cerbat GemInvesco AI and Next Gen Software ETF (NYSEARCA:IGPT – Get Free Report) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 17,532 shares, a growth of 236.3% from the March 31st total of 5,213 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 53,789 shares, the days-to-cover ratio is presently 0.3 days.
Invesco AI and Next Gen Software ETF Trading Up 4.9%
Shares of IGPT traded up $3.54 during mid-day trading on Friday, hitting $75.33. The company’s stock had a trading volume of 69,923 shares, compared to its average volume of 56,117. The firm has a 50-day simple moving average of $63.40 and a 200 day simple moving average of $61.17. The firm has a market capitalization of $845.20 million, a P/E ratio of 28.76 and a beta of 1.17. Invesco AI and Next Gen Software ETF has a 1-year low of $39.62 and a 1-year high of $75.39.
Institutional Trading of Invesco AI and Next Gen Software ETF
Several hedge funds have recently modified their holdings of the business. Kestra Private Wealth Services LLC lifted its holdings in shares of Invesco AI and Next Gen Software ETF by 5.2% in the 1st quarter. Kestra Private Wealth Services LLC now owns 38,815 shares of the company’s stock valued at $2,254,000 after buying an additional 1,933 shares during the period. Founders Financial Securities LLC acquired a new stake in shares of Invesco AI and Next Gen Software ETF in the 1st quarter valued at approximately $250,000. Aspen Investment Management Inc lifted its holdings in shares of Invesco AI and Next Gen Software ETF by 4.2% in the 1st quarter. Aspen Investment Management Inc now owns 7,761 shares of the company’s stock valued at $451,000 after buying an additional 314 shares during the period. Rubicon Advisors GP acquired a new stake in shares of Invesco AI and Next Gen Software ETF in the 4th quarter valued at approximately $375,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Invesco AI and Next Gen Software ETF in the 4th quarter valued at approximately $804,000.
Invesco AI and Next Gen Software ETF Company Profile
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.