Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME – Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 350 shares, a decline of 79.5% from the July 30th total of 1,709 shares. Based on an average trading volume of 4,868 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in Invesco Next Gen Media and Gaming ETF by 181.1% during the first quarter. Royal Bank of Canada now owns 9,989 shares of the company’s stock worth $499,000 after buying an additional 6,436 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of Invesco Next Gen Media and Gaming ETF during the second quarter worth approximately $267,000. Jane Street Group LLC purchased a new position in shares of Invesco Next Gen Media and Gaming ETF during the second quarter worth approximately $467,000. 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. Finally, Sunbelt Securities Inc. purchased a new stake in Invesco Next Gen Media and Gaming ETF in the 3rd quarter valued at $350,000.
Invesco Next Gen Media and Gaming ETF Stock Performance
Shares of GGME stock traded down $0.11 during mid-day trading on Wednesday, hitting $63.48. 1,339 shares of the stock were exchanged, compared to its average volume of 14,683. The stock’s fifty day simple moving average is $61.58 and its two-hundred day simple moving average is $57.73. The stock has a market capitalization of $463.40 million, a price-to-earnings ratio of 33.42 and a beta of 1.24. Invesco Next Gen Media and Gaming ETF has a 12-month low of $49.02 and a 12-month high of $66.18.
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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