Short Interest in Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) Decreases By 83.0%

Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 1,709 shares, a decline of 83.0% from the July 15th total of 10,026 shares. Based on an average trading volume of 1,612 shares, the short-interest ratio is presently 1.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Invesco Next Gen Media and Gaming ETF

A number of hedge funds have recently added to or reduced their stakes in GGME. Kestra Advisory Services LLC bought a new stake in shares of Invesco Next Gen Media and Gaming ETF in the fourth quarter worth about $39,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Invesco Next Gen Media and Gaming ETF during the 4th quarter valued at about $84,000. Flow Traders U.S. LLC purchased a new position in Invesco Next Gen Media and Gaming ETF in the 2nd quarter valued at $267,000. &PARTNERS grew its stake in shares of 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 buying an additional 757 shares during the period. Finally, Sunbelt Securities Inc. purchased a new stake in Invesco Next Gen Media and Gaming ETF during the 3rd quarter worth approximately $350,000.

Invesco Next Gen Media and Gaming ETF Stock Performance

Shares of GGME remained flat at $63.21 during trading hours on Wednesday. The stock had a trading volume of 146 shares, compared to its average volume of 15,702. The firm has a market cap of $461.43 million, a price-to-earnings ratio of 33.42 and a beta of 1.24. Invesco Next Gen Media and Gaming ETF has a 1 year low of $49.02 and a 1 year high of $66.18. The company’s 50-day moving average is $61.10 and its 200 day moving average is $57.25.

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.