Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) Short Interest Up 333.4% in April

Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 1,244 shares, a growth of 333.4% from the April 15th total of 287 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 7,568 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Invesco Next Gen Media and Gaming ETF

Several institutional investors have recently added to or reduced their stakes in GGME. Outlook Wealth Advisors LLC acquired a new stake in Invesco Next Gen Media and Gaming ETF in the 3rd quarter valued at approximately $1,116,000. Jane Street Group LLC purchased a new stake in shares of Invesco Next Gen Media and Gaming ETF during the 2nd quarter worth $467,000. Royal Bank of Canada lifted its position in shares of Invesco Next Gen Media and Gaming ETF by 181.1% during the 1st quarter. Royal Bank of Canada now owns 9,989 shares of the company’s stock worth $499,000 after purchasing an additional 6,436 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Invesco Next Gen Media and Gaming ETF during the 3rd quarter worth $404,000. Finally, Sunbelt Securities Inc. purchased a new stake in Invesco Next Gen Media and Gaming ETF in the third quarter valued at $350,000.

Invesco Next Gen Media and Gaming ETF Price Performance

Shares of NYSEARCA GGME opened at $59.43 on Wednesday. The company has a 50 day simple moving average of $53.93 and a 200-day simple moving average of $56.96. The company has a market capitalization of $48.14 million, a P/E ratio of 33.42 and a beta of 1.21. Invesco Next Gen Media and Gaming ETF has a 1 year low of $49.02 and a 1 year high of $66.18.

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.