Global X Video Games & Esports ETF (NASDAQ:HERO – Get Free Report) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 4,180 shares, a drop of 40.0% from the September 30th total of 6,970 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 16,026 shares, the days-to-cover ratio is presently 0.3 days.
Global X Video Games & Esports ETF Trading Up 0.3%
Shares of HERO traded up $0.09 during mid-day trading on Monday, reaching $26.58. The company’s stock had a trading volume of 18,521 shares, compared to its average volume of 26,550. Global X Video Games & Esports ETF has a 52 week low of $23.46 and a 52 week high of $32.64. The stock has a market cap of $59.27 million, a PE ratio of 22.89 and a beta of 0.89. The company’s fifty day moving average price is $27.23 and its two-hundred day moving average price is $26.70.
Hedge Funds Weigh In On Global X Video Games & Esports ETF
Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its position in Global X Video Games & Esports ETF by 9.7% during the first quarter. Bank of America Corp DE now owns 417,861 shares of the company’s stock valued at $10,752,000 after buying an additional 36,909 shares during the period. Greenspring Advisors LLC purchased a new position in shares of Global X Video Games & Esports ETF in the second quarter worth about $6,197,000. Envestnet Asset Management Inc. increased its holdings in shares of Global X Video Games & Esports ETF by 306.2% in the second quarter. Envestnet Asset Management Inc. now owns 141,909 shares of the company’s stock worth $3,514,000 after buying an additional 106,976 shares during the period. Waycross Investment Management Co bought a new stake in shares of Global X Video Games & Esports ETF in the 2nd quarter valued at about $1,036,000. Finally, Archford Capital Strategies LLC lifted its stake in shares of Global X Video Games & Esports ETF by 83.6% in the 2nd quarter. Archford Capital Strategies LLC now owns 27,955 shares of the company’s stock valued at $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.
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.
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