Invesco Next Gen Connectivity ETF (NYSEARCA:KNCT) Short Interest Update

by · The Markets Daily

Invesco Next Gen Connectivity ETF (NYSEARCA:KNCT – Get Free Report) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 347 shares, a drop of 67.1% from the August 15th total of 1,054 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 3,255 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Invesco Next Gen Connectivity ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC bought a new position in shares of Invesco Next Gen Connectivity ETF during the 4th quarter valued at about $21,522,000. LPL Financial LLC grew its stake in shares of Invesco Next Gen Connectivity ETF by 186.2% in the 4th quarter. LPL Financial LLC now owns 24,864 shares of the company’s stock worth $3,331,000 after purchasing an additional 16,175 shares during the last quarter. Stifel Financial Corp bought a new stake in shares of Invesco Next Gen Connectivity ETF in the 4th quarter worth approximately $2,049,000. Cetera Investment Advisers bought a new stake in shares of Invesco Next Gen Connectivity ETF in the 1st quarter worth approximately $1,885,000. Finally, Prospera Financial Services Inc acquired a new stake in Invesco Next Gen Connectivity ETF during the fourth quarter valued at approximately $432,000.

Invesco Next Gen Connectivity ETF Price Performance

Shares of KNCT traded up $2.91 during midday trading on Friday, reaching $200.72. The stock had a trading volume of 3,110 shares, compared to its average volume of 4,454. Invesco Next Gen Connectivity ETF has a 52 week low of $124.26 and a 52 week high of $219.83. The firm’s 50 day moving average price is $195.04 and its 200-day moving average price is $181.25. The company has a market capitalization of $164.59 million, a P/E ratio of 24.46 and a beta of 1.12.

About Invesco Next Gen Connectivity ETF

(Get Free Report)

The Invesco Next Gen Connectivity ETF (KNCT) is an exchange-traded fund that mostly invests in information technology equity. The fund is passively managed, tracking an index comprised of stocks of companies that derive at least 50% of their revenue from future connectivity technologies and products globally. Fund holdings are selected and weighted based on amount of revenue tied to the segment and market capitalization KNCT was launched on Jun 23, 2005 and is issued by Invesco.

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