Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME – Get Free Report) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 150 shares, a decrease of 58.1% from the May 31st total of 358 shares. Based on an average daily volume of 1,651 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.
Invesco Next Gen Media and Gaming ETF Price Performance
Shares of GGME stock traded up $1.06 on Monday, reaching $59.48. 1,280 shares of the company were exchanged, compared to its average volume of 18,615. The company has a 50-day moving average of $59.57 and a 200-day moving average of $56.68. The company has a market cap of $48.18 million, a price-to-earnings ratio of 33.42 and a beta of 1.23. Invesco Next Gen Media and Gaming ETF has a one year low of $49.02 and a one year high of $66.18.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in Invesco Next Gen Media and Gaming ETF in the second quarter worth approximately $467,000. Royal Bank of Canada increased its holdings in shares of 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 valued at $499,000 after acquiring an additional 6,436 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Invesco Next Gen Media and Gaming ETF during the third quarter worth approximately $404,000. Sunbelt Securities Inc. acquired a new position in shares of Invesco Next Gen Media and Gaming ETF during the third quarter worth approximately $350,000. Finally, Flow Traders U.S. LLC bought a new position in shares of Invesco Next Gen Media and Gaming ETF in the 2nd quarter worth $267,000.
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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