Short Interest in Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) Declines By 58.1%

Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 150 shares, a drop of 58.1% from the May 31st total of 358 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,651 shares, the days-to-cover ratio is currently 0.1 days.

Invesco Next Gen Media and Gaming ETF Stock Performance

Shares of GGME traded up $0.73 during mid-day trading on Tuesday, hitting $60.21. The company’s stock had a trading volume of 1,479 shares, compared to its average volume of 18,475. Invesco Next Gen Media and Gaming ETF has a one year low of $49.02 and a one year high of $66.18. The firm has a market capitalization of $48.77 million, a PE ratio of 33.42 and a beta of 1.23. The stock’s 50-day moving average is $59.73 and its two-hundred day moving average is $56.66.

Institutional Trading of Invesco Next Gen Media and Gaming ETF

A number of hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its holdings in shares of Invesco Next Gen Media and Gaming ETF by 181.1% during the 1st 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 period. Flow Traders U.S. LLC bought a new stake in shares of Invesco Next Gen Media and Gaming ETF in the second quarter valued at about $267,000. Jane Street Group LLC bought a new stake in shares of Invesco Next Gen Media and Gaming ETF in the second quarter valued at about $467,000. Citadel Advisors LLC acquired a new stake in Invesco Next Gen Media and Gaming ETF during the third quarter worth about $404,000. Finally, KKM Financial LLC acquired a new stake in Invesco Next Gen Media and Gaming ETF during the third quarter worth about $235,000.

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.