Global X Video Games & Esports ETF (NASDAQ:HERO) Short Interest Down 80.3% in November

Global X Video Games & Esports ETF (NASDAQ:HERO) was the recipient of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 2,300 shares, a decrease of 80.3% from the October 31st total of 11,700 shares. Based on an average daily volume of 50,300 shares, the short-interest ratio is presently 0.0 days.

Global X Video Games & Esports ETF Price Performance

Shares of HERO traded up $0.59 during mid-day trading on Friday, reaching $24.43. The company had a trading volume of 8,675 shares, compared to its average volume of 33,134. The company has a market capitalization of $117.51 million, a P/E ratio of 22.26 and a beta of 0.78. Global X Video Games & Esports ETF has a twelve month low of $18.82 and a twelve month high of $24.60. The company’s 50-day moving average is $23.62 and its 200-day moving average is $22.34.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Appleton Partners Inc. MA boosted its position in Global X Video Games & Esports ETF by 2.8% in the second quarter. Appleton Partners Inc. MA now owns 250,192 shares of the company’s stock valued at $5,357,000 after buying an additional 6,906 shares in the last quarter. Archford Capital Strategies LLC bought a new position in shares of Global X Video Games & Esports ETF in the second quarter valued at approximately $261,000. HBW Advisory Services LLC boosted its holdings in shares of Global X Video Games & Esports ETF by 8.1% in the 3rd quarter. HBW Advisory Services LLC now owns 9,172 shares of the company’s stock worth $223,000 after acquiring an additional 690 shares in the last quarter. Finally, CreativeOne Wealth LLC grew its position in Global X Video Games & Esports ETF by 164.9% during the 3rd quarter. CreativeOne Wealth LLC now owns 104,183 shares of the company’s stock worth $2,536,000 after acquiring an additional 64,861 shares during the last quarter. 82.58% of the stock is currently owned by institutional investors and hedge funds.

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.