Short Interest in Global X Video Games & Esports ETF (NASDAQ:HERO) Decreases By 80.3%

Global X Video Games & Esports ETF (NASDAQ:HERO) saw a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 2,300 shares, a drop of 80.3% from the October 31st total of 11,700 shares. Based on an average daily volume of 50,300 shares, the days-to-cover ratio is currently 0.0 days.

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

Hedge funds have recently made changes to their positions in the business. HBW Advisory Services LLC increased its position in shares of Global X Video Games & Esports ETF by 8.1% during the third quarter. HBW Advisory Services LLC now owns 9,172 shares of the company’s stock valued at $223,000 after buying an additional 690 shares during the period. Archford Capital Strategies LLC purchased a new position in shares of Global X Video Games & Esports ETF during the 2nd quarter worth approximately $261,000. CreativeOne Wealth LLC grew its holdings in shares of Global X Video Games & Esports ETF by 164.9% during the 3rd quarter. CreativeOne Wealth LLC now owns 104,183 shares of the company’s stock worth $2,536,000 after acquiring an additional 64,861 shares during the period. Finally, Appleton Partners Inc. MA raised its position in shares of Global X Video Games & Esports ETF by 2.8% in the 2nd quarter. Appleton Partners Inc. MA now owns 250,192 shares of the company’s stock worth $5,357,000 after acquiring an additional 6,906 shares in the last quarter. 82.58% of the stock is owned by hedge funds and other institutional investors.

Global X Video Games & Esports ETF Price Performance

NASDAQ:HERO traded up $0.59 during mid-day trading on Friday, reaching $24.43. 8,675 shares of the company’s stock traded hands, compared to its average volume of 33,134. Global X Video Games & Esports ETF has a 12-month low of $18.82 and a 12-month high of $24.60. The company has a 50 day moving average price of $23.62 and a 200-day moving average price of $22.34. The firm has a market capitalization of $117.51 million, a price-to-earnings ratio of 22.26 and a beta of 0.78.

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.