Invesco Next Gen Connectivity ETF (NYSEARCA:KNCT – Get Free Report) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 261 shares, a drop of 97.5% from the June 30th total of 10,630 shares. Based on an average daily trading volume, of 5,590 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.
Invesco Next Gen Connectivity ETF Price Performance
Shares of NYSEARCA:KNCT traded down $3.27 during midday trading on Friday, hitting $188.48. 5,068 shares of the company’s stock were exchanged, compared to its average volume of 4,822. The stock has a 50 day moving average price of $201.09 and a 200-day moving average price of $167.95. The company has a market cap of $154.55 million, a PE ratio of 24.46 and a beta of 1.11. Invesco Next Gen Connectivity ETF has a 12 month low of $113.50 and a 12 month high of $219.83.
Institutional Trading of Invesco Next Gen Connectivity ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KNCT. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Invesco Next Gen Connectivity ETF in the fourth quarter worth approximately $544,000. Wellington Shields & Co. LLC bought a new stake in Invesco Next Gen Connectivity ETF during the fourth quarter worth $361,000. Truist Financial Corp purchased a new stake in Invesco Next Gen Connectivity ETF in the 4th quarter valued at $3,220,000. Nilsine Partners LLC purchased a new stake in Invesco Next Gen Connectivity ETF in the 4th quarter valued at $1,384,000. Finally, HighTower Advisors LLC bought a new position in Invesco Next Gen Connectivity ETF during the 4th quarter valued at $21,522,000.
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.
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