Invesco Next Gen Connectivity ETF (NYSEARCA:KNCT) Sees Large Increase in Short Interest

Invesco Next Gen Connectivity ETF (NYSEARCA:KNCT) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 3,340 shares, an increase of 680.4% from the September 15th total of 428 shares. Based on an average daily trading volume, of 3,176 shares, the short-interest ratio is currently 1.1 days. Currently, 0.4% of the company’s stock are short sold.

Hedge Funds Weigh In On Invesco Next Gen Connectivity ETF

Large investors have recently bought and sold shares of the business. Cetera Investment Advisers purchased a new position in shares of Invesco Next Gen Connectivity ETF during the first quarter worth about $1,885,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of Invesco Next Gen Connectivity ETF by 6.6% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 5,204 shares of the company’s stock valued at $1,098,000 after purchasing an additional 320 shares during the period. Private Advisor Group LLC boosted its position in shares of Invesco Next Gen Connectivity ETF by 7.0% in the 1st quarter. Private Advisor Group LLC now owns 4,104 shares of the company’s stock valued at $569,000 after purchasing an additional 270 shares during the period. Sound Income Strategies LLC grew its stake in Invesco Next Gen Connectivity ETF by 109.4% during the 3rd quarter. Sound Income Strategies LLC now owns 2,140 shares of the company’s stock worth $439,000 after buying an additional 1,118 shares during the last quarter. Finally, Fulcrum Equity Management grew its stake in Invesco Next Gen Connectivity ETF by 8.0% during the 2nd quarter. Fulcrum Equity Management now owns 2,063 shares of the company’s stock worth $435,000 after buying an additional 153 shares during the last quarter.

Invesco Next Gen Connectivity ETF Stock Up 0.6%

Invesco Next Gen Connectivity ETF stock traded up $1.22 during mid-day trading on Friday, reaching $206.41. 630 shares of the company’s stock were exchanged, compared to its average volume of 4,258. Invesco Next Gen Connectivity ETF has a twelve month low of $126.32 and a twelve month high of $219.83. The company has a market cap of $165.13 million, a P/E ratio of 24.46 and a beta of 1.11. The company has a fifty day moving average of $200.21 and a 200-day moving average of $189.37.

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.