Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT – Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 190,030 shares, an increase of 241.5% from the July 15th total of 55,649 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily volume of 301,939 shares, the short-interest ratio is currently 0.6 days.
Hedge Funds Weigh In On Invesco AI and Next Gen Software ETF
A number of hedge funds have recently made changes to their positions in IGPT. Redstone Wealth Management LLC acquired a new stake in shares of Invesco AI and Next Gen Software ETF during the 4th quarter worth about $425,000. Opus Capital Group LLC acquired a new position in Invesco AI and Next Gen Software ETF in the fourth quarter valued at about $1,354,000. Integrity Alliance LLC. bought a new stake in Invesco AI and Next Gen Software ETF during the fourth quarter worth about $1,859,000. Rubicon Advisors GP bought a new stake in Invesco AI and Next Gen Software ETF during the fourth quarter worth about $375,000. Finally, StoneCrest Wealth Management Inc. acquired a new stake in shares of Invesco AI and Next Gen Software ETF during the second quarter worth approximately $7,106,000.
Invesco AI and Next Gen Software ETF Price Performance
Shares of NYSEARCA IGPT traded up $1.80 during trading hours on Thursday, reaching $94.77. The stock had a trading volume of 12,720 shares, compared to its average volume of 131,667. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 28.76 and a beta of 1.43. Invesco AI and Next Gen Software ETF has a twelve month low of $48.84 and a twelve month high of $109.32. The business’s fifty day moving average is $95.04 and its two-hundred day moving average is $79.47.
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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