Short Interest in Global X Video Games & Esports ETF (NASDAQ:HERO) Declines By 46.7%

Global X Video Games & Esports ETF (NASDAQ:HERO) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 10,483 shares, a decrease of 46.7% from the May 31st total of 19,673 shares. Based on an average daily trading volume, of 27,576 shares, the short-interest ratio is currently 0.4 days. Approximately 0.4% of the company’s stock are sold short.

Global X Video Games & Esports ETF Trading Up 1.3%

Shares of NASDAQ HERO traded up $0.33 during mid-day trading on Wednesday, reaching $25.09. The company had a trading volume of 12,144 shares, compared to its average volume of 31,640. The firm has a 50 day simple moving average of $25.55 and a two-hundred day simple moving average of $27.23. Global X Video Games & Esports ETF has a 52-week low of $23.46 and a 52-week high of $34.68. The stock has a market cap of $67.49 million, a P/E ratio of 22.89 and a beta of 0.90.

Global X Video Games & Esports ETF Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th will be paid a $0.1282 dividend. The ex-dividend date is Monday, June 29th.

Institutional Trading of Global X Video Games & Esports ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Daiwa Securities Group Inc. boosted its position in shares of Global X Video Games & Esports ETF by 1,176.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 368,909 shares of the company’s stock valued at $12,499,000 after purchasing an additional 340,000 shares during the period. Raymond James Financial Inc. lifted its stake in Global X Video Games & Esports ETF by 641.5% in the second quarter. Raymond James Financial Inc. now owns 78,889 shares of the company’s stock valued at $2,582,000 after buying an additional 68,250 shares during the last quarter. Jane Street Group LLC lifted its stake in Global X Video Games & Esports ETF by 201.7% in the second quarter. Jane Street Group LLC now owns 83,190 shares of the company’s stock valued at $2,723,000 after buying an additional 55,616 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Global X Video Games & Esports ETF by 9.7% in the first quarter. Bank of America Corp DE now owns 417,861 shares of the company’s stock valued at $10,752,000 after acquiring an additional 36,909 shares during the period. Finally, Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Global X Video Games & Esports ETF in the fourth quarter valued at approximately $491,000. Institutional investors and hedge funds own 82.58% of the company’s stock.

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.