Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) Short Interest Down 60.5% in May

Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 358 shares, a decrease of 60.5% from the May 14th total of 906 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,630 shares, the short-interest ratio is presently 0.2 days.

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

Several hedge funds and other institutional investors have recently bought and sold shares of GGME. Jane Street Group LLC acquired a new stake in Invesco Next Gen Media and Gaming ETF during the second quarter worth about $467,000. 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 purchasing an additional 6,436 shares during the last quarter. Citadel Advisors LLC acquired a new stake in Invesco Next Gen Media and Gaming ETF during the third quarter worth about $404,000. Sunbelt Securities Inc. acquired a new stake in Invesco Next Gen Media and Gaming ETF during the third quarter worth about $350,000. Finally, Flow Traders U.S. LLC acquired a new stake in Invesco Next Gen Media and Gaming ETF during the second quarter worth about $267,000.

Invesco Next Gen Media and Gaming ETF Stock Performance

Shares of NYSEARCA GGME traded up $0.26 during mid-day trading on Friday, reaching $59.97. The company’s stock had a trading volume of 755 shares, compared to its average volume of 20,114. The stock has a 50-day moving average of $58.14 and a two-hundred day moving average of $56.75. The stock has a market capitalization of $48.58 million, a P/E ratio of 33.42 and a beta of 1.23. Invesco Next Gen Media and Gaming ETF has a 1-year low of $49.02 and a 1-year 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.