Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) Short Interest Up 333.4% in April

Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 1,244 shares, a growth of 333.4% from the April 15th total of 287 shares. Based on an average daily trading volume, of 7,568 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its holdings in shares of 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 valued at $499,000 after purchasing an additional 6,436 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in Invesco Next Gen Media and Gaming ETF during the second quarter worth approximately $267,000. Jane Street Group LLC purchased a new position in Invesco Next Gen Media and Gaming ETF during the second quarter worth approximately $467,000. Outlook Wealth Advisors LLC purchased a new position in Invesco Next Gen Media and Gaming ETF during the third quarter worth approximately $1,116,000. Finally, Truist Financial Corp raised its stake in Invesco Next Gen Media and Gaming ETF by 1.7% during the third quarter. Truist Financial Corp now owns 53,029 shares of the company’s stock worth $3,412,000 after purchasing an additional 887 shares during the period.

Invesco Next Gen Media and Gaming ETF Stock Performance

Shares of NYSEARCA:GGME opened at $59.43 on Wednesday. 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 has a 50-day simple moving average of $53.93 and a 200-day simple moving average of $56.96. The stock has a market capitalization of $48.14 million, a price-to-earnings ratio of 33.42 and a beta of 1.21.

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.