Short Interest in Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) Rises By 90.0%

Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 285 shares, a growth of 90.0% from the June 15th total of 150 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,868 shares, the short-interest ratio is currently 0.2 days.

Invesco Next Gen Media and Gaming ETF Stock Down 1.1%

GGME stock opened at $61.15 on Friday. The company has a market cap of $446.39 million, a price-to-earnings ratio of 33.42 and a beta of 1.23. Invesco Next Gen Media and Gaming ETF has a 12-month low of $49.02 and a 12-month high of $66.18. The company has a 50 day moving average of $60.94 and a two-hundred day moving average of $56.87.

Institutional Trading of Invesco Next Gen Media and Gaming ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC acquired a new position in shares of Invesco Next Gen Media and Gaming ETF during the fourth quarter worth about $39,000. O Shaughnessy Asset Management LLC acquired a new stake in Invesco Next Gen Media and Gaming ETF in the 4th quarter valued at approximately $84,000. Sound Income Strategies LLC acquired a new stake in Invesco Next Gen Media and Gaming ETF in the 4th quarter valued at approximately $131,000. Flow Traders U.S. LLC bought a new stake in Invesco Next Gen Media and Gaming ETF in the 2nd quarter valued at approximately $267,000. Finally, &PARTNERS lifted its stake in Invesco Next Gen Media and Gaming ETF by 18.5% in the 4th quarter. &PARTNERS now owns 4,841 shares of the company’s stock valued at $288,000 after acquiring an additional 757 shares in the last quarter.

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.