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) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 10,026 shares, a growth of 3,417.9% from the June 30th total of 285 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 4,908 shares, the days-to-cover ratio is currently 2.0 days.

Invesco Next Gen Media and Gaming ETF Stock Performance

GGME opened at $60.34 on Friday. 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 50-day moving average of $61.05 and a 200 day moving average of $56.91. The firm has a market cap of $440.48 million, a P/E ratio of 33.42 and a beta of 1.23.

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

A number of hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new position in Invesco Next Gen Media and Gaming ETF during the fourth quarter valued at $39,000. Wellington Shields & Co. LLC increased its position in Invesco Next Gen Media and Gaming ETF by 12.7% in the fourth quarter. Wellington Shields & Co. LLC now owns 6,687 shares of the company’s stock worth $398,000 after buying an additional 754 shares during the last quarter. &PARTNERS raised its stake in shares of Invesco Next Gen Media and Gaming ETF by 18.5% in the fourth 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. Hennion & Walsh Asset Management Inc. raised its stake in shares of Invesco Next Gen Media and Gaming ETF by 9.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,275 shares of the company’s stock valued at $612,000 after buying an additional 905 shares during the period. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Invesco Next Gen Media and Gaming ETF during the 4th quarter valued at $84,000.

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.