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

Global X Video Games & Esports ETF (NASDAQ:HERO) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 19,673 shares, a growth of 198.5% from the May 14th total of 6,591 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average trading volume of 46,794 shares, the days-to-cover ratio is currently 0.4 days.

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

Several institutional investors have recently made changes to their positions in HERO. Farther Finance Advisors LLC lifted its holdings in shares of Global X Video Games & Esports ETF by 164.5% in the 4th quarter. Farther Finance Advisors LLC now owns 4,303 shares of the company’s stock worth $128,000 after acquiring an additional 2,676 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Global X Video Games & Esports ETF by 81.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 4,686 shares of the company’s stock worth $157,000 after acquiring an additional 2,108 shares during the last quarter. Alteri Wealth LLC bought a new stake in shares of Global X Video Games & Esports ETF in the 3rd quarter worth about $210,000. Northbridge Financial Group LLC bought a new stake in shares of Global X Video Games & Esports ETF in the 4th quarter worth about $216,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Global X Video Games & Esports ETF by 13.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,115 shares of the company’s stock worth $241,000 after acquiring an additional 823 shares during the last quarter. Institutional investors own 82.58% of the company’s stock.

Global X Video Games & Esports ETF Trading Up 0.3%

Global X Video Games & Esports ETF stock opened at $24.65 on Friday. The firm has a 50-day moving average price of $25.99 and a 200-day moving average price of $27.82. The firm has a market capitalization of $66.31 million, a PE ratio of 22.89 and a beta of 0.90. Global X Video Games & Esports ETF has a 12-month low of $24.24 and a 12-month high of $34.68.

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.