Global X Video Games & Esports ETF (NASDAQ:HERO) Shares Down 0.1% – Should You Sell?

Global X Video Games & Esports ETF (NASDAQ:HERO)’s share price dropped 0.1% on Tuesday . The stock traded as low as $24.96 and last traded at $25.02. 18,604 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 30,024 shares. The stock had previously closed at $25.04.

Global X Video Games & Esports ETF Trading Down 0.1%

The company has a market cap of $61.80 million, a price-to-earnings ratio of 22.89 and a beta of 0.90. The business has a fifty day moving average of $25.14 and a two-hundred day moving average of $26.73.

Global X Video Games & Esports ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were paid a $0.1282 dividend. The ex-dividend date of this dividend was Monday, June 29th.

Institutional Trading of Global X Video Games & Esports ETF

A number of institutional investors and hedge funds have recently modified their holdings of HERO. Daiwa Securities Group Inc. increased its stake in Global X Video Games & Esports ETF by 1,176.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 368,909 shares of the company’s stock worth $12,499,000 after buying an additional 340,000 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Global X Video Games & Esports ETF by 641.5% in the second quarter. Raymond James Financial Inc. now owns 78,889 shares of the company’s stock worth $2,582,000 after acquiring an additional 68,250 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Global X Video Games & Esports ETF by 201.7% in the second quarter. Jane Street Group LLC now owns 83,190 shares of the company’s stock worth $2,723,000 after acquiring an additional 55,616 shares during the last quarter. Bank of America Corp DE raised its position in shares of Global X Video Games & Esports ETF by 9.7% in the first quarter. Bank of America Corp DE now owns 417,861 shares of the company’s stock valued at $10,752,000 after buying an additional 36,909 shares during the last quarter. Finally, Nano Cap New Millennium Growth Fund L P acquired a new position in Global X Video Games & Esports ETF during the fourth quarter worth about $491,000. Hedge funds and other institutional investors own 82.58% of the company’s stock.

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.