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 recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 358 shares, a drop of 60.5% from the May 14th total of 906 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 1,630 shares, the days-to-cover ratio is presently 0.2 days.

Invesco Next Gen Media and Gaming ETF Stock Up 0.4%

NYSEARCA GGME traded up $0.26 on Friday, hitting $59.97. 755 shares of the stock were exchanged, compared to its average volume of 20,114. Invesco Next Gen Media and Gaming ETF has a fifty-two week low of $49.02 and a fifty-two week high of $66.18. The company has a market cap of $48.58 million, a PE ratio of 33.42 and a beta of 1.23. The company has a 50-day moving average price of $58.14 and a 200-day moving average price of $56.75.

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

A number of large investors have recently modified their holdings of the company. Cetera Investment Advisers increased its position in shares of Invesco Next Gen Media and Gaming ETF by 49.6% in the 1st 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. &PARTNERS increased its position in shares of Invesco Next Gen Media and Gaming ETF by 18.5% in the 4th quarter. &PARTNERS now owns 4,841 shares of the company’s stock valued at $288,000 after purchasing an additional 757 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Invesco Next Gen Media and Gaming ETF in the 4th quarter valued at approximately $39,000. Jane Street Group LLC purchased a new stake in shares of Invesco Next Gen Media and Gaming ETF in the 4th quarter valued at approximately $367,000. Finally, Janney Montgomery Scott LLC increased its position in shares of 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 valued at $3,977,000 after purchasing an additional 1,532 shares during the last quarter.

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.