Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME – Get Free Report) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 285 shares, a growth of 90.0% from the June 15th total of 150 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,868 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Investors Weigh In On Invesco Next Gen Media and Gaming ETF
Several hedge funds have recently modified their holdings of GGME. Kestra Advisory Services LLC acquired a new position in shares of Invesco Next Gen Media and Gaming ETF in the 4th quarter valued at $39,000. Wellington Shields & Co. LLC increased its holdings in shares of Invesco Next Gen Media and Gaming ETF by 12.7% during the 4th quarter. Wellington Shields & Co. LLC now owns 6,687 shares of the company’s stock worth $398,000 after buying an additional 754 shares during the last quarter. &PARTNERS raised its position 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 worth $288,000 after buying an additional 757 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in Invesco Next Gen Media and Gaming ETF by 9.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,275 shares of the company’s stock valued at $612,000 after acquiring an additional 905 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new position in Invesco Next Gen Media and Gaming ETF in the fourth quarter valued at $84,000.
Invesco Next Gen Media and Gaming ETF Stock Performance
NYSEARCA GGME traded down $0.71 during trading hours on Friday, hitting $61.15. 4,555 shares of the company’s stock were exchanged, compared to its average volume of 17,242. The business’s 50 day moving average is $60.94 and its 200-day moving average is $56.87. Invesco Next Gen Media and Gaming ETF has a 12-month low of $49.02 and a 12-month high of $66.18. The firm has a market capitalization of $446.39 million, a P/E 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.
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