Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Shares Shorted: Short Interest Down 43.8% in September

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 130,797 shares, a drop of 43.8% from the September 15th total of 232,742 shares. Based on an average daily trading volume, of 142,186 shares, the short-interest ratio is currently 0.9 days. Currently, 0.9% of the shares of the stock are sold short.

Hedge Funds Weigh In On Invesco AI and Next Gen Software ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IGPT. Assetmark Inc. acquired a new stake in shares of Invesco AI and Next Gen Software ETF in the first quarter valued at about $32,000. Compass Financial Management LLC purchased a new stake in shares of Invesco AI and Next Gen Software ETF during the second quarter worth about $94,000. Integrated Wealth Concepts LLC acquired a new position in shares of Invesco AI and Next Gen Software ETF during the 2nd quarter worth about $151,000. Western Wealth Management LLC acquired a new position in shares of Invesco AI and Next Gen Software ETF during the 1st quarter worth about $187,000. Finally, NewEdge Wealth LLC purchased a new position in Invesco AI and Next Gen Software ETF in the 1st quarter valued at about $220,000.

Invesco AI and Next Gen Software ETF Stock Performance

Invesco AI and Next Gen Software ETF stock traded down $3.99 during trading on Friday, reaching $89.36. The company had a trading volume of 249,554 shares, compared to its average volume of 135,645. The firm has a market capitalization of $1.31 billion, a PE ratio of 28.76 and a beta of 1.43. The firm’s 50-day simple moving average is $96.24 and its 200 day simple moving average is $90.50. Invesco AI and Next Gen Software ETF has a 1-year low of $53.27 and a 1-year high of $109.32.

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.