Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME – Get Free Report) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 1,709 shares, a decline of 83.0% from the July 15th total of 10,026 shares. Based on an average trading volume of 1,612 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.0% of the shares of the stock are short sold.
Invesco Next Gen Media and Gaming ETF Price Performance
Shares of NYSEARCA GGME traded up $0.45 during midday trading on Friday, reaching $64.72. 823 shares of the stock traded hands, compared to its average volume of 15,408. The stock has a market capitalization of $472.46 million, a PE ratio of 33.42 and a beta of 1.24. Invesco Next Gen Media and Gaming ETF has a one year low of $49.02 and a one year high of $66.18. The company’s 50 day moving average is $61.09 and its 200 day moving average is $57.33.
Hedge Funds Weigh In On Invesco Next Gen Media and Gaming ETF
Institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC increased its holdings in shares of Invesco Next Gen Media and Gaming ETF by 2.3% in 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. Royal Bank of Canada grew its position in Invesco Next Gen Media and Gaming ETF by 181.1% in the first quarter. Royal Bank of Canada now owns 9,989 shares of the company’s stock worth $499,000 after acquiring an additional 6,436 shares in the last quarter. Cetera Investment Advisers increased 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 acquiring an additional 3,199 shares during the last quarter. Jane Street Group LLC bought a new stake in Invesco Next Gen Media and Gaming ETF during the second quarter worth approximately $467,000. Finally, Wellington Shields & Co. LLC raised its position in Invesco Next Gen Media and Gaming ETF by 12.7% during the fourth quarter. Wellington Shields & Co. LLC now owns 6,687 shares of the company’s stock valued at $398,000 after purchasing an additional 754 shares during the period.
About Invesco Next Gen Media and Gaming ETF
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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