Short Interest in Global X Video Games & Esports ETF (NASDAQ:HERO) Grows By 198.5%

Global X Video Games & Esports ETF (NASDAQ:HERO) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 19,673 shares, an increase of 198.5% from the May 14th total of 6,591 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average trading volume of 46,794 shares, the short-interest ratio is currently 0.4 days.

Global X Video Games & Esports ETF Price Performance

NASDAQ HERO opened at $24.58 on Friday. The firm has a market capitalization of $66.12 million, a price-to-earnings ratio of 22.89 and a beta of 0.90. The company’s fifty day moving average is $26.02 and its two-hundred day moving average is $27.84. Global X Video Games & Esports ETF has a 52-week low of $24.24 and a 52-week high of $34.68.

Institutional Trading of Global X Video Games & Esports ETF

A number of hedge funds have recently modified their holdings of the company. Archford Capital Strategies LLC lifted its position in shares of Global X Video Games & Esports ETF by 3.2% in the 4th quarter. Archford Capital Strategies LLC now owns 21,812 shares of the company’s stock worth $649,000 after acquiring an additional 677 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Global X Video Games & Esports ETF by 13.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,115 shares of the company’s stock worth $241,000 after acquiring an additional 823 shares during the period. Arkadios Wealth Advisors lifted its position in shares of Global X Video Games & Esports ETF by 20.1% in the 4th quarter. Arkadios Wealth Advisors now owns 9,666 shares of the company’s stock worth $288,000 after acquiring an additional 1,616 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Global X Video Games & Esports ETF by 81.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 4,686 shares of the company’s stock worth $157,000 after acquiring an additional 2,108 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of Global X Video Games & Esports ETF by 164.5% in 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 during the period. Institutional investors 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.