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

Global X Video Games & Esports ETF (NASDAQ:HERO) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 10,483 shares, a decline of 46.7% from the May 31st total of 19,673 shares. Based on an average daily trading volume, of 27,576 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HERO. Farther Finance Advisors LLC lifted its holdings in Global X Video Games & Esports ETF by 164.5% during the 4th quarter. Farther Finance Advisors LLC now owns 4,303 shares of the company’s stock valued at $128,000 after purchasing an additional 2,676 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Global X Video Games & Esports ETF by 13.1% during 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 in the last quarter. Northbridge Financial Group LLC bought a new position in shares of Global X Video Games & Esports ETF during the fourth quarter valued at $216,000. Sei Investments Co. acquired a new stake in shares of Global X Video Games & Esports ETF during the second quarter worth $271,000. Finally, Arkadios Wealth Advisors raised its position in Global X Video Games & Esports ETF by 20.1% in the 4th quarter. Arkadios Wealth Advisors now owns 9,666 shares of the company’s stock valued at $288,000 after buying an additional 1,616 shares during the last quarter. 82.58% of the stock is owned by institutional investors and hedge funds.

Global X Video Games & Esports ETF Stock Up 0.4%

Shares of HERO traded up $0.11 during trading hours on Thursday, reaching $25.20. The stock had a trading volume of 7,480 shares, compared to its average volume of 31,444. The company has a market cap of $67.79 million, a P/E ratio of 22.89 and a beta of 0.90. Global X Video Games & Esports ETF has a 52 week low of $23.46 and a 52 week high of $34.68. The firm has a 50-day moving average of $25.49 and a 200 day moving average of $27.19.

Global X Video Games & Esports ETF Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th will be given a dividend of $0.1282 per share. The ex-dividend date of this dividend is Monday, June 29th.

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.