Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) Short Interest Update

Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 358 shares, a decrease of 60.5% from the May 14th total of 906 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,630 shares, the days-to-cover ratio is presently 0.2 days.

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

Several large investors have recently added to or reduced their stakes in GGME. Jane Street Group LLC purchased a new stake in Invesco Next Gen Media and Gaming ETF in the 2nd quarter worth about $467,000. Royal Bank of Canada increased its holdings in Invesco Next Gen Media and Gaming ETF by 181.1% in the 1st quarter. Royal Bank of Canada now owns 9,989 shares of the company’s stock worth $499,000 after acquiring an additional 6,436 shares during the last quarter. Citadel Advisors LLC purchased a new stake in Invesco Next Gen Media and Gaming ETF in the 3rd quarter worth about $404,000. Sunbelt Securities Inc. purchased a new stake in Invesco Next Gen Media and Gaming ETF in the 3rd quarter worth about $350,000. Finally, Flow Traders U.S. LLC purchased a new stake in Invesco Next Gen Media and Gaming ETF in the 2nd quarter worth about $267,000.

Invesco Next Gen Media and Gaming ETF Stock Performance

NYSEARCA:GGME traded up $0.26 during trading on Friday, reaching $59.97. The company’s stock had a trading volume of 755 shares, compared to its average volume of 20,114. The firm has a market cap of $48.58 million, a price-to-earnings ratio of 33.42 and a beta of 1.23. The firm has a 50 day moving average of $58.14 and a 200-day moving average of $56.75. Invesco Next Gen Media and Gaming ETF has a 12 month low of $49.02 and a 12 month high of $66.18.

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.