Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) Sees Large Decrease in Short Interest

Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 350 shares, a decline of 79.5% from the July 30th total of 1,709 shares. Based on an average daily volume of 4,868 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Invesco Next Gen Media and Gaming ETF Stock Performance

GGME traded up $0.75 during midday trading on Thursday, hitting $64.29. The company had a trading volume of 602 shares, compared to its average volume of 14,598. The firm’s 50-day simple moving average is $61.66 and its 200-day simple moving average is $57.81. Invesco Next Gen Media and Gaming ETF has a twelve month low of $49.02 and a twelve month high of $66.18. The company has a market capitalization of $469.32 million, a PE ratio of 33.42 and a beta of 1.24.

Hedge Funds 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 stock. Kestra Advisory Services LLC acquired a new stake in Invesco Next Gen Media and Gaming ETF in the 4th quarter valued at $39,000. Wellington Shields & Co. LLC grew its holdings in shares of Invesco Next Gen Media and Gaming ETF by 12.7% in the 4th quarter. Wellington Shields & Co. LLC now owns 6,687 shares of the company’s stock valued at $398,000 after acquiring an additional 754 shares in the last quarter. &PARTNERS increased its position in shares of Invesco Next Gen Media and Gaming ETF by 18.5% in the fourth quarter. &PARTNERS now owns 4,841 shares of the company’s stock valued at $288,000 after acquiring an additional 757 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in Invesco Next Gen Media and Gaming ETF during the fourth quarter worth about $84,000. Finally, Janney Montgomery Scott LLC boosted its position in Invesco Next Gen Media and Gaming ETF by 2.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 66,756 shares of the company’s stock valued at $3,977,000 after purchasing an additional 1,532 shares during the last quarter.

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.