Invesco Next Gen Media and Gaming ETF (NYSEARCA:GGME – Get Free Report) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 1,709 shares, a decline of 83.0% from the July 15th total of 10,026 shares. Based on an average daily trading volume, of 1,612 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.0% of the company’s shares are sold short.
Institutional Trading of Invesco Next Gen Media and Gaming ETF
Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings 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 in the last quarter. Flow Traders U.S. LLC acquired a new stake in Invesco Next Gen Media and Gaming ETF during the 2nd quarter worth approximately $267,000. Jane Street Group LLC purchased a new position in Invesco Next Gen Media and Gaming ETF in the 2nd quarter valued at approximately $467,000. Citadel Advisors LLC acquired a new position in shares of Invesco Next Gen Media and Gaming ETF in the third quarter worth $404,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Invesco Next Gen Media and Gaming ETF during the third quarter worth $350,000.
Invesco Next Gen Media and Gaming ETF Trading Up 2.2%
GGME traded up $1.39 during mid-day trading on Thursday, hitting $64.27. 250 shares of the stock were exchanged, compared to its average volume of 15,503. The firm’s fifty day moving average is $61.09 and its two-hundred day moving average is $57.33. Invesco Next Gen Media and Gaming ETF has a 1-year low of $49.02 and a 1-year high of $66.18. The company has a market cap of $469.17 million, a PE ratio of 33.42 and a beta of 1.24.
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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