Roundhill Video Games ETF (NASDAQ:NERD) Sees Large Drop in Short Interest

Roundhill Video Games ETF (NASDAQ:NERD) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 2,000 shares, a decline of 42.9% from the February 28th total of 3,500 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 5,900 shares, the days-to-cover ratio is presently 0.3 days.

Roundhill Video Games ETF Stock Performance

Shares of NERD traded down $0.01 during mid-day trading on Friday, hitting $21.08. 6,620 shares of the company’s stock were exchanged, compared to its average volume of 3,867. The stock’s 50-day moving average is $21.51 and its 200-day moving average is $19.94. Roundhill Video Games ETF has a fifty-two week low of $14.35 and a fifty-two week high of $23.51. The company has a market cap of $21.08 million, a price-to-earnings ratio of 26.10 and a beta of 0.93.

About Roundhill Video Games ETF

The Roundhill Video Games ETF (NERD) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a modified market cap-weighted index of globally listed equities of companies engaged in the video games and eSports industry. NERD was launched on Jun 4, 2019 and is issued by Roundhill.