Global X Video Games & Esports ETF (NASDAQ:HERO) Shares Shorted: Short Interest Down 40.0% in October

Global X Video Games & Esports ETF (NASDAQ:HERO) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 4,180 shares, a decrease of 40.0% from the September 30th total of 6,970 shares. Based on an average daily trading volume, of 16,026 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Global X Video Games & Esports ETF Trading Up 0.5%

Shares of NASDAQ HERO traded up $0.13 during trading hours on Tuesday, reaching $26.71. The stock had a trading volume of 1,424 shares, compared to its average volume of 26,430. Global X Video Games & Esports ETF has a 52-week low of $23.46 and a 52-week high of $32.50. The firm has a market cap of $59.56 million, a price-to-earnings ratio of 22.89 and a beta of 0.89. The business’s fifty day moving average price is $27.22 and its two-hundred day moving average price is $26.68.

Institutional Investors Weigh In On Global X Video Games & Esports ETF

Several institutional investors have recently bought and sold shares of the company. NBH Bank purchased a new stake in shares of Global X Video Games & Esports ETF during the second quarter valued at $26,000. Triumph Capital Management purchased a new position in Global X Video Games & Esports ETF in the 2nd quarter worth $29,000. Allworth Financial LP purchased a new stake in Global X Video Games & Esports ETF during the 2nd quarter valued at about $103,000. TD Waterhouse Canada Inc. grew its stake in Global X Video Games & Esports ETF by 549.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 4,220 shares of the company’s stock valued at $105,000 after purchasing an additional 3,570 shares during the last quarter. Finally, Herbst Group LLC acquired a new position in shares of Global X Video Games & Esports ETF in the second quarter valued at about $136,000. 82.58% of the stock is currently owned by institutional investors and hedge funds.

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.