Global X Video Games & Esports ETF (NASDAQ:HERO) Stock Short Interest Jumps 150.9%

Global X Video Games & Esports ETF (NASDAQ:HERO) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 6,970 shares, an increase of 150.9% from the September 15th total of 2,778 shares. Based on an average daily volume of 12,172 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the shares of the stock are sold short.

Global X Video Games & Esports ETF Price Performance

NASDAQ HERO traded down $0.04 during trading hours on Monday, reaching $27.59. The company’s stock had a trading volume of 8,085 shares, compared to its average volume of 26,876. The firm 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 1-year low of $23.46 and a 1-year high of $33.42. The company’s 50-day moving average is $27.16 and its two-hundred day moving average is $26.15.

Institutional Trading of Global X Video Games & Esports ETF

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its stake in shares of 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 purchasing an additional 36,909 shares in the last quarter. Greenspring Advisors LLC purchased a new position in Global X Video Games & Esports ETF in the 2nd quarter valued at about $6,197,000. Envestnet Asset Management Inc. lifted its stake in Global X Video Games & Esports ETF by 306.2% in the 2nd 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 acquired a new stake in Global X Video Games & Esports ETF in the 2nd quarter worth about $1,036,000. Finally, Archford Capital Strategies LLC boosted its holdings in 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 worth $692,000 after buying an additional 12,731 shares during the last quarter. 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.