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

Global X Video Games & Esports ETF (NASDAQ:HERO) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 59,900 shares, a decline of 71.1% from the September 30th total of 207,600 shares. Based on an average daily trading volume, of 48,500 shares, the days-to-cover ratio is currently 1.2 days.

Global X Video Games & Esports ETF Trading Down 0.2 %

Global X Video Games & Esports ETF stock traded down $0.04 during trading hours on Friday, hitting $23.00. 18,737 shares of the stock traded hands, compared to its average volume of 33,525. Global X Video Games & Esports ETF has a one year low of $17.75 and a one year high of $24.60. The firm’s 50-day moving average price is $23.07 and its two-hundred day moving average price is $21.72. The company has a market cap of $110.38 million, a PE ratio of 22.26 and a beta of 0.78.

Institutional Investors Weigh In On Global X Video Games & Esports ETF

Several hedge funds have recently made changes to their positions in the company. HBW Advisory Services LLC lifted its position in Global X Video Games & Esports ETF by 8.1% during the 3rd quarter. HBW Advisory Services LLC now owns 9,172 shares of the company’s stock valued at $223,000 after acquiring an additional 690 shares during the period. Archford Capital Strategies LLC bought a new stake in shares of Global X Video Games & Esports ETF in the 2nd quarter worth approximately $261,000. CreativeOne Wealth LLC bought a new stake in shares of Global X Video Games & Esports ETF in the 1st quarter worth approximately $893,000. Finally, Appleton Partners Inc. MA grew its stake in shares of Global X Video Games & Esports ETF by 2.8% in the 2nd quarter. Appleton Partners Inc. MA now owns 250,192 shares of the company’s stock worth $5,357,000 after buying an additional 6,906 shares during the last quarter. 82.58% of the stock is currently owned by institutional investors.

About Global X Video Games & Esports ETF

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.