Global X Video Games & Esports ETF (NASDAQ:HERO) Shares Up 0% – Should You Buy?

Global X Video Games & Esports ETF (NASDAQ:HERO) shares shot up 0% during mid-day trading on Wednesday . The company traded as high as $26.00 and last traded at $25.95. 26,612 shares traded hands during trading, a decline of 20% from the average session volume of 33,294 shares. The stock had previously closed at $25.94.

Global X Video Games & Esports ETF Price Performance

The company has a market capitalization of $68.65 million, a P/E ratio of 22.89 and a beta of 0.92. The stock has a 50-day moving average price of $26.18 and a 200-day moving average price of $28.49.

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

A number of hedge funds have recently made changes to their positions in the stock. Archford Capital Strategies LLC raised its position in shares of Global X Video Games & Esports ETF by 3.2% during the fourth quarter. Archford Capital Strategies LLC now owns 21,812 shares of the company’s stock worth $649,000 after acquiring an additional 677 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Global X Video Games & Esports ETF by 13.1% during the third quarter. PNC Financial Services Group Inc. now owns 7,115 shares of the company’s stock worth $241,000 after purchasing an additional 823 shares during the period. Arkadios Wealth Advisors grew its stake in Global X Video Games & Esports ETF by 20.1% during the fourth quarter. Arkadios Wealth Advisors now owns 9,666 shares of the company’s stock worth $288,000 after purchasing an additional 1,616 shares during the period. Jones Financial Companies Lllp grew its stake in Global X Video Games & Esports ETF by 81.8% during the third quarter. Jones Financial Companies Lllp now owns 4,686 shares of the company’s stock worth $157,000 after purchasing an additional 2,108 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in Global X Video Games & Esports ETF by 164.5% during the fourth quarter. Farther Finance Advisors LLC now owns 4,303 shares of the company’s stock worth $128,000 after purchasing an additional 2,676 shares during the period. 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.