Invesco Next Gen Connectivity ETF (NYSEARCA:KNCT – Get Free Report) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 347 shares, a decrease of 67.1% from the August 15th total of 1,054 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 3,255 shares, the short-interest ratio is presently 0.1 days.
Invesco Next Gen Connectivity ETF Trading Up 1.5%
NYSEARCA KNCT traded up $2.91 on Friday, hitting $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 company’s 50-day simple moving average is $195.04 and its 200 day simple moving average is $181.00. The firm has a market cap of $164.59 million, a P/E ratio of 24.46 and a beta of 1.12.
Hedge Funds Weigh In On Invesco Next Gen Connectivity ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Shields & Co. LLC purchased a new stake in Invesco Next Gen Connectivity ETF in the fourth quarter worth $361,000. Cetera Investment Advisers purchased a new position in Invesco Next Gen Connectivity ETF during the 1st quarter valued at $1,885,000. Prospera Financial Services Inc purchased a new position in Invesco Next Gen Connectivity ETF during the 4th quarter valued at $432,000. HighTower Advisors LLC bought a new position in Invesco Next Gen Connectivity ETF in the 4th quarter worth $21,522,000. Finally, Independent Financial Group LLC bought a new position in Invesco Next Gen Connectivity ETF in the 1st quarter worth $280,000.
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.
See Also
- Five stocks we like better than Invesco Next Gen Connectivity ETF
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
- Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
- Is Nike’s Index Demotion a Warning or a Buying Opportunity?
Receive News & Ratings for Invesco Next Gen Connectivity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Next Gen Connectivity ETF and related companies with MarketBeat.com's FREE daily email newsletter.
