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

Invesco Next Gen Connectivity ETF (NYSEARCA:KNCT) was the recipient of a significant 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 3,255 shares, the days-to-cover ratio is presently 0.1 days.

Invesco Next Gen Connectivity ETF Trading Up 1.5%

Shares of KNCT traded up $2.91 during mid-day trading on Friday, reaching $200.72. The company’s 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 stock has a market cap of $164.59 million, a PE ratio of 24.46 and a beta of 1.12. The company’s fifty day moving average price is $195.04 and its two-hundred day moving average price is $181.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of KNCT. HighTower Advisors LLC bought a new stake in Invesco Next Gen Connectivity ETF in the 4th quarter worth $21,522,000. LPL Financial LLC raised its stake in shares of Invesco Next Gen Connectivity ETF by 186.2% during the fourth quarter. LPL Financial LLC now owns 24,864 shares of the company’s stock valued at $3,331,000 after acquiring an additional 16,175 shares during the last quarter. Stifel Financial Corp purchased a new stake in shares of Invesco Next Gen Connectivity ETF during the fourth quarter worth about $2,049,000. Cetera Investment Advisers purchased a new stake in shares of Invesco Next Gen Connectivity ETF during the first quarter worth about $1,885,000. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of Invesco Next Gen Connectivity ETF by 6.6% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 5,204 shares of the company’s stock worth $1,098,000 after purchasing an additional 320 shares during the last quarter.

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.