Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) Short Interest Down 58.1% in June

Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 150 shares, a drop of 58.1% from the May 31st total of 358 shares. Based on an average trading volume of 1,651 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Invesco Next Gen Media and Gaming ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new stake in shares of Invesco Next Gen Media and Gaming ETF during the 4th quarter worth approximately $39,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Invesco Next Gen Media and Gaming ETF in the 4th quarter valued at $84,000. Sound Income Strategies LLC acquired a new position in shares of Invesco Next Gen Media and Gaming ETF during the 4th quarter valued at $131,000. KKM Financial LLC acquired a new position in shares of Invesco Next Gen Media and Gaming ETF during the 3rd quarter valued at $235,000. Finally, Flow Traders U.S. LLC bought a new position in Invesco Next Gen Media and Gaming ETF during the second quarter worth $267,000.

Invesco Next Gen Media and Gaming ETF Stock Performance

Shares of NYSEARCA:GGME traded up $1.06 during midday trading on Monday, reaching $59.48. The company’s stock had a trading volume of 1,280 shares, compared to its average volume of 18,615. 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 price of $59.57 and a two-hundred day moving average price of $56.68. The firm has a market capitalization of $48.18 million, a price-to-earnings ratio of 33.42 and a beta of 1.23.

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.