Global X Video Games & Esports ETF (NASDAQ:HERO) Sees Significant Growth in Short Interest

Global X Video Games & Esports ETF (NASDAQ:HERO) saw a large growth in short interest in September. As of September 15th, there was short interest totalling 5,900 shares, a growth of 5.4% from the August 31st total of 5,600 shares. Based on an average daily trading volume, of 26,800 shares, the short-interest ratio is presently 0.2 days.

Global X Video Games & Esports ETF Price Performance

Shares of NASDAQ:HERO opened at $24.37 on Wednesday. The business’s 50-day moving average is $22.34 and its 200 day moving average is $21.34. Global X Video Games & Esports ETF has a 1 year low of $17.75 and a 1 year high of $24.57. The firm has a market capitalization of $126.70 million, a P/E ratio of 22.26 and a beta of 0.78.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Appleton Partners Inc. MA increased its holdings in shares of Global X Video Games & Esports ETF by 2.8% in the second quarter. Appleton Partners Inc. MA now owns 250,192 shares of the company’s stock valued at $5,357,000 after purchasing an additional 6,906 shares during the period. CreativeOne Wealth LLC acquired a new position in shares of Global X Video Games & Esports ETF in the first quarter valued at about $893,000. Finally, Archford Capital Strategies LLC acquired a new position in shares of Global X Video Games & Esports ETF in the second quarter valued at about $261,000. 82.58% of the stock is owned by institutional investors and hedge funds.

Global X Video Games & Esports ETF Company Profile

The Global X Video Games & Esports ETF (HERO) is an exchange-traded fund that is based on the Solactive Video Games & Esports index, a modified market-cap-weighted global index of companies in video games and esports industry. HERO was launched on Oct 25, 2019 and is managed by Global X.