Global X Video Games & Esports ETF (NASDAQ:HERO – Get Free Report) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 6,970 shares, a growth of 150.9% from the September 15th total of 2,778 shares. Based on an average trading volume of 12,172 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the shares of the company are short sold.
Hedge Funds Weigh In On Global X Video Games & Esports ETF
Several large investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings 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 worth $10,752,000 after buying an additional 36,909 shares in the last quarter. Greenspring Advisors LLC acquired a new stake in Global X Video Games & Esports ETF during the second quarter valued at $6,197,000. Envestnet Asset Management Inc. increased its holdings in 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 valued at $3,514,000 after buying an additional 106,976 shares in the last quarter. Waycross Investment Management Co purchased a new position in Global X Video Games & Esports ETF in the second quarter valued at $1,036,000. Finally, Archford Capital Strategies LLC increased its holdings in Global X Video Games & Esports ETF by 83.6% in the second quarter. Archford Capital Strategies LLC now owns 27,955 shares of the company’s stock valued at $692,000 after buying an additional 12,731 shares in the last quarter. 82.58% of the stock is currently owned by institutional investors and hedge funds.
Global X Video Games & Esports ETF Trading Down 0.1%
Global X Video Games & Esports ETF stock traded down $0.04 during mid-day trading on Monday, hitting $27.59. The company had a trading volume of 8,085 shares, compared to its average volume of 26,876. The company has a market capitalization of $62.35 million, a price-to-earnings ratio of 22.89 and a beta of 0.89. Global X Video Games & Esports ETF has a 12-month low of $23.46 and a 12-month high of $33.42. The company’s fifty day moving average is $27.16 and its 200-day moving average is $26.15.
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.
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