Global X Video Games & Esports ETF (NASDAQ:HERO) Sees Large Growth in Short Interest

Global X Video Games & Esports ETF (NASDAQ:HERO) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 6,700 shares, an increase of 76.3% from the February 28th total of 3,800 shares. Based on an average daily trading volume, of 29,200 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. BNP Paribas acquired a new position in shares of Global X Video Games & Esports ETF in the 4th quarter valued at $70,000. SBI Securities Co. Ltd. purchased a new position in shares of Global X Video Games & Esports ETF during the fourth quarter worth about $164,000. Raymond James Financial Inc. acquired a new position in Global X Video Games & Esports ETF in the 4th quarter valued at about $230,000. NewEdge Advisors LLC raised its stake in Global X Video Games & Esports ETF by 3,111.6% during the 4th quarter. NewEdge Advisors LLC now owns 10,566 shares of the company’s stock valued at $248,000 after acquiring an additional 10,237 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its stake in shares of Global X Video Games & Esports ETF by 135.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 16,101 shares of the company’s stock valued at $378,000 after purchasing an additional 9,270 shares during the last quarter. Hedge funds and other institutional investors own 82.58% of the company’s stock.

Global X Video Games & Esports ETF Trading Down 1.2 %

NASDAQ:HERO traded down $0.30 during midday trading on Friday, hitting $25.65. 7,871 shares of the company were exchanged, compared to its average volume of 31,922. The company has a fifty day simple moving average of $25.68 and a 200 day simple moving average of $24.42. The company has a market capitalization of $106.96 million, a PE ratio of 25.20 and a beta of 0.78. Global X Video Games & Esports ETF has a fifty-two week low of $18.85 and a fifty-two week high of $27.53.

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.