Short Interest in Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) Expands By 333.4%

Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 1,244 shares, an increase of 333.4% from the April 15th total of 287 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 7,568 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GGME. Royal Bank of Canada increased its position in Invesco Next Gen Media and Gaming ETF by 181.1% during the first quarter. Royal Bank of Canada now owns 9,989 shares of the company’s stock worth $499,000 after buying an additional 6,436 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of Invesco Next Gen Media and Gaming ETF in the 2nd quarter valued at approximately $267,000. Jane Street Group LLC purchased a new position in shares of Invesco Next Gen Media and Gaming ETF in the 2nd quarter valued at approximately $467,000. Outlook Wealth Advisors LLC purchased a new position in shares of Invesco Next Gen Media and Gaming ETF in the 3rd quarter valued at approximately $1,116,000. Finally, Truist Financial Corp grew its stake in shares of Invesco Next Gen Media and Gaming ETF by 1.7% in the 3rd quarter. Truist Financial Corp now owns 53,029 shares of the company’s stock valued at $3,412,000 after purchasing an additional 887 shares during the last quarter.

Invesco Next Gen Media and Gaming ETF Stock Up 0.1%

GGME traded up $0.03 during trading on Thursday, hitting $59.91. 540 shares of the stock were exchanged, compared to its average volume of 24,155. The firm has a market capitalization of $48.53 million, a P/E ratio of 33.42 and a beta of 1.21. Invesco Next Gen Media and Gaming ETF has a 1-year low of $49.02 and a 1-year high of $66.18. The stock has a fifty day moving average price of $54.21 and a two-hundred day moving average price of $56.89.

About Invesco Next Gen Media and Gaming ETF

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.