Short Interest in Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) Drops By 58.1%

Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 150 shares, a drop of 58.1% from the May 31st total of 358 shares. Based on an average daily volume of 1,651 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Invesco Next Gen Media and Gaming ETF Price Performance

Shares of NYSEARCA GGME traded up $0.93 during trading hours on Wednesday, reaching $61.14. The stock had a trading volume of 447 shares, compared to its average volume of 18,329. The business’s fifty day moving average is $59.73 and its two-hundred day moving average is $56.66. The company has a market cap of $49.52 million, a price-to-earnings ratio of 33.42 and a beta of 1.23. Invesco Next Gen Media and Gaming ETF has a twelve month low of $49.02 and a twelve month high of $66.18.

Institutional Trading of Invesco Next Gen Media and Gaming ETF

Several institutional investors have recently made changes to their positions in GGME. Kestra Advisory Services LLC acquired a new position in Invesco Next Gen Media and Gaming ETF in the fourth quarter worth about $39,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Invesco Next Gen Media and Gaming ETF in the 4th quarter valued at approximately $84,000. Sound Income Strategies LLC bought a new stake in shares of Invesco Next Gen Media and Gaming ETF in the 4th quarter valued at approximately $131,000. KKM Financial LLC acquired a new position in shares of Invesco Next Gen Media and Gaming ETF in the 3rd quarter worth approximately $235,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of Invesco Next Gen Media and Gaming ETF in the 2nd quarter worth approximately $267,000.

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.