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

Global X Video Games & Esports ETF (NASDAQ:HERO) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 4,900 shares, a growth of 716.7% from the December 31st total of 600 shares. Based on an average daily trading volume, of 35,400 shares, the short-interest ratio is presently 0.1 days.

Global X Video Games & Esports ETF Stock Performance

NASDAQ:HERO opened at $24.20 on Thursday. Global X Video Games & Esports ETF has a fifty-two week low of $18.85 and a fifty-two week high of $25.59. The stock has a market capitalization of $100.91 million, a P/E ratio of 22.26 and a beta of 0.78. The company’s 50-day simple moving average is $24.08 and its 200-day simple moving average is $23.23.

Global X Video Games & Esports ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were given a $0.2075 dividend. The ex-dividend date of this dividend was Monday, December 30th.

Hedge Funds Weigh In On Global X Video Games & Esports ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. HBW Advisory Services LLC raised its position in Global X Video Games & Esports ETF by 8.1% during the 3rd quarter. HBW Advisory Services LLC now owns 9,172 shares of the company’s stock worth $223,000 after buying an additional 690 shares during the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in Global X Video Games & Esports ETF during the 4th quarter worth approximately $480,000. Archford Capital Strategies LLC raised its position in Global X Video Games & Esports ETF by 157.8% during the 4th quarter. Archford Capital Strategies LLC now owns 30,230 shares of the company’s stock worth $710,000 after buying an additional 18,503 shares during the last quarter. Finally, CreativeOne Wealth LLC raised 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 buying an additional 64,861 shares during the last quarter. 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.