Short Interest in Global X Video Games & Esports ETF (NASDAQ:HERO) Rises By 76.3%

Global X Video Games & Esports ETF (NASDAQ:HERO) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 6,700 shares, an increase of 76.3% from the February 28th total of 3,800 shares. Based on an average daily trading volume, of 29,200 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Global X Video Games & Esports ETF

Several large investors have recently bought and sold shares of HERO. LPL Financial LLC raised its position in shares of Global X Video Games & Esports ETF by 5.6% during the fourth quarter. LPL Financial LLC now owns 160,196 shares of the company’s stock valued at $3,761,000 after buying an additional 8,501 shares during the last quarter. Wealthfront Advisers LLC increased its stake in Global X Video Games & Esports ETF by 435.1% during the fourth quarter. Wealthfront Advisers LLC now owns 45,369 shares of the company’s stock valued at $1,065,000 after acquiring an additional 36,890 shares during the period. Archford Capital Strategies LLC raised its holdings in Global X Video Games & Esports ETF by 157.8% in the 4th quarter. Archford Capital Strategies LLC now owns 30,230 shares of the company’s stock valued at $710,000 after acquiring an additional 18,503 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new stake in shares of Global X Video Games & Esports ETF in the 4th quarter worth approximately $480,000. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of Global X Video Games & Esports ETF by 135.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 16,101 shares of the company’s stock worth $378,000 after purchasing an additional 9,270 shares in the last quarter. 82.58% of the stock is currently owned by institutional investors and hedge funds.

Global X Video Games & Esports ETF Stock Down 1.2 %

Shares of HERO stock opened at $25.65 on Monday. Global X Video Games & Esports ETF has a 12 month low of $18.85 and a 12 month high of $27.53. The firm has a market cap of $106.96 million, a PE ratio of 25.20 and a beta of 0.78. The stock has a 50 day moving average of $25.68 and a 200-day moving average of $24.44.

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.