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

Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 350 shares, a drop of 79.5% from the July 30th total of 1,709 shares. Based on an average daily trading volume, of 4,868 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Invesco Next Gen Media and Gaming ETF Stock Performance

NYSEARCA GGME traded down $0.11 during trading on Wednesday, reaching $63.48. 1,339 shares of the company’s stock were exchanged, compared to its average volume of 14,683. The stock has a market cap of $463.40 million, a P/E ratio of 33.42 and a beta of 1.24. The company has a 50 day moving average price of $61.58 and a two-hundred day moving average price of $57.73. Invesco Next Gen Media and Gaming ETF has a 1 year low of $49.02 and a 1 year high of $66.18.

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

Several hedge funds and other institutional investors have recently made changes to their positions in GGME. Cetera Investment Advisers increased its stake in Invesco Next Gen Media and Gaming ETF by 54.2% in the fourth quarter. Cetera Investment Advisers now owns 6,447 shares of the company’s stock valued at $384,000 after purchasing an additional 2,266 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Invesco Next Gen Media and Gaming ETF during the 4th quarter worth approximately $367,000. Janney Montgomery Scott LLC lifted its position in shares of Invesco Next Gen Media and Gaming ETF by 2.3% during the 4th 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. Sunbelt Securities Inc. acquired a new position in shares of Invesco Next Gen Media and Gaming ETF in the 3rd quarter valued at $350,000. Finally, Citadel Advisors LLC acquired a new position in shares of Invesco Next Gen Media and Gaming ETF in the 3rd quarter valued at $404,000.

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.