Short Interest in Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) Grows By 90.0%

Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 285 shares, an increase of 90.0% from the June 15th total of 150 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,868 shares, the days-to-cover ratio is currently 0.2 days.

Invesco Next Gen Media and Gaming ETF Stock Performance

Shares of NYSEARCA GGME traded down $0.71 during trading hours on Thursday, hitting $61.86. The stock had a trading volume of 2,149 shares, compared to its average volume of 17,337. The company has a market capitalization of $451.58 million, a P/E ratio of 33.42 and a beta of 1.23. The firm’s 50-day moving average price is $60.87 and its two-hundred day moving average price is $56.82. Invesco Next Gen Media and Gaming ETF has a 52 week low of $49.02 and a 52 week high of $66.18.

Institutional Trading of Invesco Next Gen Media and Gaming ETF

Several large investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers increased its stake in shares of Invesco Next Gen Media and Gaming ETF by 49.6% during the 1st quarter. Cetera Investment Advisers now owns 9,646 shares of the company’s stock worth $492,000 after purchasing an additional 3,199 shares during the last quarter. &PARTNERS lifted its stake in shares of Invesco Next Gen Media and Gaming ETF by 18.5% in the 4th quarter. &PARTNERS now owns 4,841 shares of the company’s stock valued at $288,000 after purchasing an additional 757 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Invesco Next Gen Media and Gaming ETF in the fourth quarter worth $39,000. Jane Street Group LLC bought a new stake in Invesco Next Gen Media and Gaming ETF in the fourth quarter worth $367,000. Finally, Janney Montgomery Scott LLC increased its position in Invesco Next Gen Media and Gaming ETF by 2.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 66,756 shares of the company’s stock worth $3,977,000 after buying an additional 1,532 shares during the last quarter.

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.