Global X Video Games & Esports ETF (NASDAQ:HERO) Stock Short Interest Drops 61.6%

Global X Video Games & Esports ETF (NASDAQ:HERO) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 2,778 shares, a decline of 61.6% from the August 31st total of 7,234 shares. Based on an average daily trading volume, of 10,127 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Global X Video Games & Esports ETF Trading Down 0.4%

Global X Video Games & Esports ETF stock traded down $0.10 on Monday, hitting $26.84. 4,039 shares of the stock traded hands, compared to its average volume of 27,720. Global X Video Games & Esports ETF has a 1 year low of $23.46 and a 1 year high of $34.32. The firm has a market cap of $62.00 million, a P/E ratio of 22.89 and a beta of 0.91. The business’s fifty day simple moving average is $26.82 and its 200 day simple moving average is $26.08.

Institutional Trading of Global X Video Games & Esports ETF

A number of hedge funds have recently added to or reduced their stakes in the business. NBH Bank purchased a new stake in Global X Video Games & Esports ETF during the second quarter worth $26,000. Triumph Capital Management acquired a new stake in Global X Video Games & Esports ETF in the second quarter valued at approximately $29,000. TD Waterhouse Canada Inc. lifted its position in shares of Global X Video Games & Esports ETF by 549.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 4,220 shares of the company’s stock worth $105,000 after purchasing an additional 3,570 shares during the last quarter. Allworth Financial LP purchased a new stake in Global X Video Games & Esports ETF during the 2nd quarter worth about $103,000. Finally, Herbst Group LLC acquired a new stake in Global X Video Games & Esports ETF during the second quarter worth approximately $136,000. 82.58% of the stock is owned by hedge funds and other institutional investors.

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.