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

Invesco Next Gen Connectivity ETF (NYSEARCA:KNCT) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 261 shares, a decline of 97.5% from the June 30th total of 10,630 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 5,590 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Invesco Next Gen Connectivity ETF

Hedge funds have recently added to or reduced their stakes in the business. HighTower Advisors LLC acquired a new stake in Invesco Next Gen Connectivity ETF during the 4th quarter worth about $21,522,000. LPL Financial LLC lifted its holdings 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 valued at $3,331,000 after buying an additional 16,175 shares during the period. Truist Financial Corp purchased a new stake in shares of Invesco Next Gen Connectivity ETF in the fourth quarter worth about $3,220,000. Stifel Financial Corp purchased a new stake in shares of Invesco Next Gen Connectivity ETF in the fourth quarter worth about $2,049,000. Finally, Cetera Investment Advisers purchased a new stake in shares of Invesco Next Gen Connectivity ETF in the first quarter worth about $1,885,000.

Invesco Next Gen Connectivity ETF Stock Down 1.7%

Shares of NYSEARCA:KNCT traded down $3.27 during midday trading on Friday, reaching $188.48. The company’s stock had a trading volume of 5,068 shares, compared to its average volume of 4,822. The firm has a market capitalization of $154.55 million, a PE ratio of 24.46 and a beta of 1.11. Invesco Next Gen Connectivity ETF has a twelve month low of $113.50 and a twelve month high of $219.83. The stock has a fifty day moving average of $201.09 and a 200 day moving average of $167.95.

Invesco Next Gen Connectivity ETF Company Profile

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.