Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) Short Interest Down 83.0% in July

Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) saw a significant 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 sold short.

Institutional Investors Weigh In On Invesco Next Gen Media and Gaming ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC acquired a new stake in shares of Invesco Next Gen Media and Gaming ETF in the fourth quarter valued at about $39,000. O Shaughnessy Asset Management LLC acquired a new stake in Invesco Next Gen Media and Gaming ETF in the 4th quarter valued at approximately $84,000. Flow Traders U.S. LLC acquired a new position in Invesco Next Gen Media and Gaming ETF in the second quarter worth about $267,000. &PARTNERS lifted its holdings in 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 worth $288,000 after buying an additional 757 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in Invesco Next Gen Media and Gaming ETF in the third quarter valued at approximately $350,000.

Invesco Next Gen Media and Gaming ETF Stock Performance

GGME stock remained flat at $63.21 during midday trading on Wednesday. 146 shares of the company’s stock were exchanged, compared to its average volume of 15,702. Invesco Next Gen Media and Gaming ETF has a 1 year low of $49.02 and a 1 year high of $66.18. The stock has a market capitalization of $461.43 million, a PE ratio of 33.42 and a beta of 1.24. The stock’s 50 day moving average price is $61.10 and its 200-day moving average price is $57.25.

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.