Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME – Get Free Report) saw a large increase in short interest in 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 company’s stock are sold short. Based on an average trading volume of 4,908 shares, the short-interest ratio is presently 2.0 days.
Invesco Next Gen Media and Gaming ETF Stock Up 0.7%
Shares of GGME traded up $0.41 during midday trading on Friday, hitting $60.34. The company had a trading volume of 577 shares, compared to its average volume of 16,650. The stock has a market cap of $440.48 million, a price-to-earnings ratio of 33.42 and a beta of 1.23. The company’s 50 day moving average price is $61.03 and its 200 day moving average price is $56.88. Invesco Next Gen Media and Gaming ETF has a 52 week low of $49.02 and a 52 week high of $66.18.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the company. Cetera Investment Advisers lifted its stake in Invesco Next Gen Media and Gaming ETF by 49.6% during the first 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 grew its position in shares of Invesco Next Gen Media and Gaming ETF by 18.5% during the 4th 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. Kestra Advisory Services LLC acquired a new stake in Invesco Next Gen Media and Gaming ETF during the fourth quarter worth about $39,000. Jane Street Group LLC acquired a new stake in Invesco Next Gen Media and Gaming ETF during the fourth quarter worth about $367,000. Finally, Janney Montgomery Scott LLC lifted its holdings in Invesco Next Gen Media and Gaming ETF by 2.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 66,756 shares of the company’s stock worth $3,977,000 after acquiring 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.
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