Short Interest in Global X Video Games & Esports ETF (NASDAQ:HERO) Decreases By 46.7%

Global X Video Games & Esports ETF (NASDAQ:HERO) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 10,483 shares, a decrease of 46.7% from the May 31st total of 19,673 shares. Based on an average trading volume of 27,576 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the shares of the company are sold short.

Global X Video Games & Esports ETF Price Performance

Shares of HERO stock opened at $24.57 on Tuesday. The stock has a market cap of $66.09 million, a P/E ratio of 22.89 and a beta of 0.90. The company has a fifty day moving average price of $25.61 and a two-hundred day moving average price of $27.27. Global X Video Games & Esports ETF has a one year low of $23.46 and a one year high of $34.68.

Global X Video Games & Esports ETF Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th will be issued a $0.1282 dividend. The ex-dividend date of this dividend is Monday, June 29th.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of HERO. Raymond James Financial Inc. raised its stake in Global X Video Games & Esports ETF by 641.5% in the second quarter. Raymond James Financial Inc. now owns 78,889 shares of the company’s stock valued at $2,582,000 after buying an additional 68,250 shares during the period. Jane Street Group LLC lifted its position in shares of Global X Video Games & Esports ETF by 111.8% in the first quarter. Jane Street Group LLC now owns 27,574 shares of the company’s stock valued at $688,000 after buying an additional 14,557 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Global X Video Games & Esports ETF by 62.0% during 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 period. Osaic Holdings Inc. boosted its stake in shares of Global X Video Games & Esports ETF by 335.5% during the 2nd quarter. Osaic Holdings Inc. now owns 11,423 shares of the company’s stock worth $374,000 after acquiring an additional 8,800 shares during the period. Finally, Arkadios Wealth Advisors increased its holdings in shares of Global X Video Games & Esports ETF by 20.1% during 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 last quarter. Institutional investors 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.