Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) Short Interest Up 3,417.9% in July

Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 10,026 shares, an increase of 3,417.9% from the June 30th total of 285 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 4,908 shares, the days-to-cover ratio is presently 2.0 days.

Invesco Next Gen Media and Gaming ETF Trading Up 0.7%

Shares of Invesco Next Gen Media and Gaming ETF stock traded up $0.41 on Friday, reaching $60.34. 577 shares of the company were exchanged, compared to its average volume of 16,650. Invesco Next Gen Media and Gaming ETF has a fifty-two week low of $49.02 and a fifty-two week high of $66.18. The firm has a market capitalization of $440.48 million, a price-to-earnings ratio of 33.42 and a beta of 1.23. The stock has a fifty day moving average price of $61.03 and a 200-day moving average price of $56.88.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its holdings in shares of Invesco Next Gen Media and Gaming ETF by 2.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 66,756 shares of the company’s stock valued at $3,977,000 after acquiring an additional 1,532 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in Invesco Next Gen Media and Gaming ETF by 9.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 10,275 shares of the company’s stock valued at $612,000 after purchasing an additional 905 shares during the period. Royal Bank of Canada lifted its holdings in shares of Invesco Next Gen Media and Gaming ETF by 181.1% in the first quarter. Royal Bank of Canada now owns 9,989 shares of the company’s stock valued at $499,000 after purchasing an additional 6,436 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Invesco Next Gen Media and Gaming ETF by 49.6% in the first quarter. Cetera Investment Advisers now owns 9,646 shares of the company’s stock valued at $492,000 after purchasing an additional 3,199 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Invesco Next Gen Media and Gaming ETF in the second quarter worth $467,000.

Invesco Next Gen Media and Gaming ETF Company Profile

The Invesco Next Gen Media and Gaming ETF (GGME) is an exchange-traded fund that is based on the STOXX World AC NexGen Media index. The fund tracks an index of securities that derive a majority of their revenue to the future media industry. These components may be from any market-cap, and from any geography. GGME was launched on Jun 23, 2005 and is issued by Invesco.