Global X Video Games & Esports ETF (NASDAQ:HERO) Short Interest Down 80.5% in October

Global X Video Games & Esports ETF (NASDAQ:HERO) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 11,700 shares, a decline of 80.5% from the October 15th total of 59,900 shares. Based on an average daily trading volume, of 51,900 shares, the days-to-cover ratio is presently 0.2 days.

Global X Video Games & Esports ETF Stock Performance

Shares of HERO traded down $0.51 during mid-day trading on Tuesday, hitting $23.37. 21,456 shares of the company were exchanged, compared to its average volume of 34,135. Global X Video Games & Esports ETF has a 1-year low of $18.82 and a 1-year high of $24.60. The company has a 50 day moving average of $23.32 and a 200-day moving average of $22.05. The stock has a market cap of $112.41 million, a price-to-earnings ratio of 22.26 and a beta of 0.78.

Institutional Investors Weigh In On Global X Video Games & Esports ETF

A number of hedge funds have recently added to or reduced their stakes in the business. HBW Advisory Services LLC grew its position in shares of Global X Video Games & Esports ETF by 8.1% in the 3rd 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 last quarter. Archford Capital Strategies LLC acquired a new stake in shares of Global X Video Games & Esports ETF in the second quarter valued at about $261,000. CreativeOne Wealth LLC acquired a new stake in shares of Global X Video Games & Esports ETF in the first quarter valued at about $893,000. Finally, Appleton Partners Inc. MA raised its position in Global X Video Games & Esports ETF by 2.8% during the second 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 during the last quarter. 82.58% of the stock is currently owned by institutional investors and hedge funds.

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.