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

Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 10,026 shares, an increase of 3,417.9% from the June 30th total of 285 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,908 shares, the short-interest ratio is presently 2.0 days.

Institutional Trading of Invesco Next Gen Media and Gaming ETF

Several hedge funds have recently bought and sold shares of GGME. Kestra Advisory Services LLC bought a new position in shares of Invesco Next Gen Media and Gaming ETF during the 4th quarter valued at about $39,000. Wellington Shields & Co. LLC lifted its position in shares of 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 in the last quarter. &PARTNERS boosted its stake in Invesco Next Gen Media and Gaming ETF by 18.5% during 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 last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Invesco Next Gen Media and Gaming ETF by 9.7% during 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 last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in Invesco Next Gen Media and Gaming ETF during the fourth quarter valued at approximately $84,000.

Invesco Next Gen Media and Gaming ETF Stock Performance

Shares of NYSEARCA:GGME opened at $60.34 on Friday. The firm has a fifty day moving average price of $61.05 and a 200 day moving average price of $56.91. 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 market cap of $440.48 million, a price-to-earnings ratio of 33.42 and a beta of 1.23.

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.