Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT – Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 103,452 shares, a decrease of 63.4% from the August 15th total of 282,957 shares. Based on an average trading volume of 111,499 shares, the short-interest ratio is presently 0.9 days. Approximately 0.8% of the shares of the company are short sold.
Institutional Trading of Invesco AI and Next Gen Software ETF
Institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its position in Invesco AI and Next Gen Software ETF by 788.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 104,566 shares of the company’s stock valued at $6,219,000 after purchasing an additional 92,790 shares during the last quarter. Jane Street Group LLC bought a new position in Invesco AI and Next Gen Software ETF during the 4th quarter worth approximately $5,401,000. Royal Bank of Canada increased its stake in shares of Invesco AI and Next Gen Software ETF by 282.1% in the fourth quarter. Royal Bank of Canada now owns 119,030 shares of the company’s stock worth $7,078,000 after buying an additional 87,882 shares during the period. StoneCrest Wealth Management Inc. purchased a new stake in Invesco AI and Next Gen Software ETF in the 2nd quarter worth approximately $7,106,000. Finally, Two Sigma Investments LP bought a new stake in shares of Invesco AI and Next Gen Software ETF during the 3rd quarter valued at about $2,323,000.
Invesco AI and Next Gen Software ETF Stock Performance
NYSEARCA:IGPT traded up $1.44 during trading hours on Friday, reaching $95.73. The stock had a trading volume of 56,287 shares, compared to its average volume of 131,758. The stock has a market cap of $1.26 billion, a P/E ratio of 28.76 and a beta of 1.44. Invesco AI and Next Gen Software ETF has a 12-month low of $52.74 and a 12-month high of $109.32. The stock has a 50 day simple moving average of $92.34 and a 200 day simple moving average of $83.94.
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.
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