Global X Video Games & Esports ETF (NASDAQ:HERO) Shares Shorted: Short Interest Up 150.9% in September

Global X Video Games & Esports ETF (NASDAQ:HERO) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 6,970 shares, a growth of 150.9% from the September 15th total of 2,778 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 12,172 shares, the days-to-cover ratio is presently 0.6 days.

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

Several institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in 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 purchasing an additional 36,909 shares in the last quarter. Greenspring Advisors LLC purchased a new position in shares of Global X Video Games & Esports ETF in the 2nd quarter valued at $6,197,000. Envestnet Asset Management Inc. increased its position in shares of Global X Video Games & Esports ETF by 306.2% during the second quarter. Envestnet Asset Management Inc. now owns 141,909 shares of the company’s stock worth $3,514,000 after purchasing an additional 106,976 shares in the last quarter. Waycross Investment Management Co acquired a new position in Global X Video Games & Esports ETF during the second quarter worth approximately $1,036,000. Finally, Archford Capital Strategies LLC grew its position in shares of Global X Video Games & Esports ETF by 83.6% during the second quarter. Archford Capital Strategies LLC now owns 27,955 shares of the company’s stock worth $692,000 after acquiring an additional 12,731 shares during the last quarter. Hedge funds and other institutional investors own 82.58% of the company’s stock.

Global X Video Games & Esports ETF Stock Performance

NASDAQ HERO traded down $0.51 during trading on Wednesday, reaching $27.19. 9,345 shares of the company’s stock were exchanged, compared to its average volume of 26,986. The stock has a market cap of $61.45 million, a P/E ratio of 22.89 and a beta of 0.89. The company has a 50 day moving average price of $27.21 and a two-hundred day moving average price of $26.18. Global X Video Games & Esports ETF has a 1 year low of $23.46 and a 1 year high of $33.42.

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.