Short Interest in Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) Grows By 90.0%

Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 285 shares, an increase of 90.0% from the June 15th total of 150 shares. Based on an average daily volume of 1,868 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Invesco Next Gen Media and Gaming ETF Trading Down 1.1%

Invesco Next Gen Media and Gaming ETF stock traded down $0.71 during trading hours on Thursday, reaching $61.86. 2,149 shares of the company were exchanged, compared to its average volume of 17,337. Invesco Next Gen Media and Gaming ETF has a 12 month low of $49.02 and a 12 month high of $66.18. The stock has a 50-day moving average of $60.87 and a 200 day moving average of $56.82. The firm has a market cap of $451.58 million, a price-to-earnings ratio of 33.42 and a beta of 1.23.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its holdings in Invesco Next Gen Media and Gaming ETF by 2.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 66,756 shares of the company’s stock worth $3,977,000 after acquiring an additional 1,532 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in Invesco Next Gen Media and Gaming ETF by 9.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,275 shares of the company’s stock valued at $612,000 after acquiring an additional 905 shares during the period. Royal Bank of Canada grew its position 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 during the last quarter. Cetera Investment Advisers grew its position in shares of Invesco Next Gen Media and Gaming ETF by 49.6% in the first quarter. Cetera Investment Advisers now owns 9,646 shares of the company’s stock valued at $492,000 after purchasing an additional 3,199 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Invesco Next Gen Media and Gaming ETF in the second quarter worth about $467,000.

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.