Global X Video Games & Esports ETF (NASDAQ:HERO) Stock Price Down 2.1% – Here’s Why

Global X Video Games & Esports ETF (NASDAQ:HERO)’s stock price was down 2.1% during trading on Tuesday . The stock traded as low as $30.13 and last traded at $30.14. Approximately 49,215 shares were traded during mid-day trading, an increase of 12% from the average daily volume of 43,901 shares. The stock had previously closed at $30.79.

Global X Video Games & Esports ETF Price Performance

The stock has a market cap of $97.65 million, a P/E ratio of 22.89 and a beta of 0.92. The firm’s fifty day moving average price is $30.56 and its two-hundred day moving average price is $31.96.

Global X Video Games & Esports ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were issued a $0.3329 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a dividend yield of 223.0%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Archford Capital Strategies LLC increased its position in shares of Global X Video Games & Esports ETF by 3.2% during the 4th quarter. Archford Capital Strategies LLC now owns 21,812 shares of the company’s stock valued at $649,000 after purchasing an additional 677 shares during the last quarter. Raymond James Financial Inc. grew its position in Global X Video Games & Esports ETF by 7.4% during the third quarter. Raymond James Financial Inc. now owns 84,708 shares of the company’s stock valued at $2,870,000 after acquiring an additional 5,819 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Global X Video Games & Esports ETF by 1,176.1% during the third quarter. Daiwa Securities Group Inc. now owns 368,909 shares of the company’s stock worth $12,499,000 after acquiring an additional 340,000 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Global X Video Games & Esports ETF by 62.0% in the 3rd quarter. Sei Investments Co. now owns 13,423 shares of the company’s stock worth $455,000 after acquiring an additional 5,137 shares during the last quarter. Finally, Alteri Wealth LLC bought a new stake in shares of Global X Video Games & Esports ETF in the 3rd quarter worth approximately $210,000. 82.58% of the stock is currently owned by institutional investors.

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.