Global X Video Games & Esports ETF (NASDAQ:HERO) Stock Price Down 0.5% – Here’s What Happened

Global X Video Games & Esports ETF (NASDAQ:HERO)’s share price was down 0.5% during trading on Tuesday . The company traded as low as $26.82 and last traded at $27.01. Approximately 8,176 shares traded hands during trading, a decline of 78% from the average daily volume of 37,230 shares. The stock had previously closed at $27.14.

Global X Video Games & Esports ETF Stock Down 0.5%

The company’s fifty day moving average is $29.40 and its two-hundred day moving average is $31.41. The stock has a market cap of $87.51 million, a price-to-earnings ratio of 22.89 and a beta of 0.92.

Global X Video Games & Esports ETF Announces Dividend

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

Hedge Funds Weigh In On Global X Video Games & Esports ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Arkadios Wealth Advisors increased its holdings in Global X Video Games & Esports ETF by 20.1% in the fourth quarter. Arkadios Wealth Advisors now owns 9,666 shares of the company’s stock valued at $288,000 after buying an additional 1,616 shares during the last quarter. Jane Street Group LLC purchased a new stake in Global X Video Games & Esports ETF during the 4th quarter worth about $621,000. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Global X Video Games & Esports ETF during the 4th quarter worth about $491,000. Northbridge Financial Group LLC purchased a new position in shares of Global X Video Games & Esports ETF in the 4th quarter valued at about $216,000. Finally, Farther Finance Advisors LLC raised its position in shares of Global X Video Games & Esports ETF by 164.5% during the 4th quarter. Farther Finance Advisors LLC now owns 4,303 shares of the company’s stock worth $128,000 after acquiring an additional 2,676 shares in the last quarter. Institutional investors and hedge funds own 82.58% of the company’s stock.

About Global X Video Games & Esports ETF

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.