Invesco Next Gen Connectivity ETF (NYSEARCA:KNCT) Stock Short Interest Report for September

Invesco Next Gen Connectivity ETF (NYSEARCA:KNCT) was the recipient of a large increase in short interest in 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. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,176 shares, the days-to-cover ratio is currently 1.1 days.

Invesco Next Gen Connectivity ETF Stock Up 0.6%

Shares of NYSEARCA KNCT traded up $1.22 during mid-day trading on Friday, reaching $206.41. 630 shares of the company were exchanged, compared to its average volume of 4,258. Invesco Next Gen Connectivity ETF has a 52 week low of $126.32 and a 52 week high of $219.83. The stock has a market capitalization of $165.13 million, a PE ratio of 24.46 and a beta of 1.11. The company’s 50 day moving average price is $200.21 and its 200 day moving average price is $189.69.

Institutional Investors Weigh In On Invesco Next Gen Connectivity ETF

A number of large investors have recently added to or reduced their stakes in KNCT. Cetera Investment Advisers bought a new stake in Invesco Next Gen Connectivity ETF during the first quarter worth about $1,885,000. Hennion & Walsh Asset Management Inc. boosted its holdings 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 worth $1,098,000 after purchasing an additional 320 shares in the last quarter. Private Advisor Group LLC boosted its holdings 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 worth $569,000 after purchasing an additional 270 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Invesco Next Gen Connectivity ETF by 109.4% in the 3rd quarter. Sound Income Strategies LLC now owns 2,140 shares of the company’s stock worth $439,000 after purchasing an additional 1,118 shares in the last quarter. Finally, Fulcrum Equity Management increased its position in shares of 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 valued at $435,000 after purchasing an additional 153 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.