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

Invesco Next Gen Connectivity ETF (NYSEARCA:KNCT) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 10,630 shares, a growth of 819.6% from the June 15th total of 1,156 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily volume of 4,940 shares, the days-to-cover ratio is currently 2.2 days.

Invesco Next Gen Connectivity ETF Price Performance

Shares of NYSEARCA:KNCT opened at $201.49 on Monday. The stock has a market cap of $165.22 million, a price-to-earnings ratio of 24.46 and a beta of 1.11. The company has a 50 day moving average of $199.64 and a 200-day moving average of $164.12. Invesco Next Gen Connectivity ETF has a one year low of $113.50 and a one year high of $219.83.

Institutional Trading of Invesco Next Gen Connectivity ETF

A number of institutional investors have recently bought and sold shares of KNCT. HighTower Advisors LLC acquired a new position in shares of Invesco Next Gen Connectivity ETF in the 4th quarter valued at $21,522,000. LPL Financial LLC grew 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 worth $3,331,000 after purchasing an additional 16,175 shares during the period. Truist Financial Corp acquired a new stake in shares of Invesco Next Gen Connectivity ETF during the fourth quarter worth $3,220,000. Stifel Financial Corp bought a new stake in Invesco Next Gen Connectivity ETF in the fourth quarter valued at about $2,049,000. Finally, Cetera Investment Advisers bought a new stake in Invesco Next Gen Connectivity ETF in the first quarter valued at about $1,885,000.

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.