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

Global X Video Games & Esports ETF (NASDAQ:HERO) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 6,700 shares, a growth of 76.3% from the February 28th total of 3,800 shares. Based on an average daily trading volume, of 29,200 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.

Global X Video Games & Esports ETF Stock Performance

Shares of Global X Video Games & Esports ETF stock traded down $0.30 during trading hours on Friday, hitting $25.65. The company’s stock had a trading volume of 7,871 shares, compared to its average volume of 31,922. The company has a market cap of $106.96 million, a PE ratio of 25.20 and a beta of 0.78. The business has a 50 day moving average price of $25.68 and a two-hundred day moving average price of $24.42. Global X Video Games & Esports ETF has a 12-month low of $18.85 and a 12-month high of $27.53.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wealthfront Advisers LLC lifted its holdings in shares of Global X Video Games & Esports ETF by 435.1% in the fourth quarter. Wealthfront Advisers LLC now owns 45,369 shares of the company’s stock worth $1,065,000 after buying an additional 36,890 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new stake in Global X Video Games & Esports ETF in the 4th quarter worth $480,000. Archford Capital Strategies LLC boosted its holdings in shares of 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 valued at $710,000 after purchasing an additional 18,503 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Global X Video Games & Esports ETF by 3,111.6% during the fourth quarter. NewEdge Advisors LLC now owns 10,566 shares of the company’s stock valued at $248,000 after purchasing an additional 10,237 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Global X Video Games & Esports ETF in the fourth quarter worth about $230,000. 82.58% of the stock is currently owned by institutional investors.

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.