Global X Video Games & Esports ETF (NASDAQ:HERO) Short Interest Update

Global X Video Games & Esports ETF (NASDAQ:HERO) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 5,600 shares, a drop of 16.4% from the August 15th total of 6,700 shares. Based on an average daily volume of 28,900 shares, the days-to-cover ratio is currently 0.2 days.

Global X Video Games & Esports ETF Price Performance

NASDAQ HERO traded down $0.43 on Wednesday, hitting $22.46. 28,528 shares of the company were exchanged, compared to its average volume of 28,456. Global X Video Games & Esports ETF has a twelve month low of $17.75 and a twelve month high of $23.13. The company’s 50 day moving average price is $22.06 and its 200-day moving average price is $21.12. The firm has a market capitalization of $116.79 million, a P/E ratio of 22.26 and a beta of 0.78.

Global X Video Games & Esports ETF Dividend Announcement

The company also recently declared a Semi-Annual dividend, which was paid on Friday, July 5th. Investors of record on Thursday, June 27th were given a $0.0411 dividend. The ex-dividend date of this dividend was Thursday, June 27th.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new stake in Global X Video Games & Esports ETF during the 4th quarter valued at $294,000. Appleton Partners Inc. MA lifted its stake in Global X Video Games & Esports ETF by 8.6% in the 1st quarter. Appleton Partners Inc. MA now owns 243,286 shares of the company’s stock worth $5,036,000 after acquiring an additional 19,250 shares in the last quarter. Archford Capital Strategies LLC purchased a new position in Global X Video Games & Esports ETF during the 2nd quarter valued at about $261,000. Finally, CreativeOne Wealth LLC acquired a new stake in shares of Global X Video Games & Esports ETF during the first quarter worth approximately $893,000. Institutional investors and hedge funds own 82.58% of the company’s stock.

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.