Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME – Get Free Report) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 358 shares, a decline of 60.5% from the May 14th total of 906 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 1,630 shares, the short-interest ratio is currently 0.2 days.
Institutional Investors Weigh In On Invesco Next Gen Media and Gaming ETF
A number of hedge funds have recently bought and sold shares of GGME. Kestra Advisory Services LLC purchased a new stake in shares of Invesco Next Gen Media and Gaming ETF during the 4th quarter worth $39,000. O Shaughnessy Asset Management LLC purchased a new position in Invesco Next Gen Media and Gaming ETF during the 4th quarter worth $84,000. Sound Income Strategies LLC purchased a new stake in Invesco Next Gen Media and Gaming ETF during the 4th quarter valued at approximately $131,000. KKM Financial LLC acquired a new stake in shares of Invesco Next Gen Media and Gaming ETF during the third quarter worth $235,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Invesco Next Gen Media and Gaming ETF in the second quarter valued at about $267,000.
Invesco Next Gen Media and Gaming ETF Stock Performance
Shares of GGME traded up $0.26 during midday trading on Friday, hitting $59.97. 755 shares of the stock were exchanged, compared to its average volume of 20,114. The stock has a fifty day simple moving average of $58.14 and a 200 day simple moving average of $56.73. Invesco Next Gen Media and Gaming ETF has a 52-week low of $49.02 and a 52-week high of $66.18. The firm has a market cap of $48.58 million, a P/E ratio of 33.42 and a beta of 1.23.
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.
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