Short Interest in Global X Video Games & Esports ETF (NASDAQ:HERO) Increases By 716.7%

Global X Video Games & Esports ETF (NASDAQ:HERO) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 4,900 shares, an increase of 716.7% from the December 31st total of 600 shares. Based on an average trading volume of 35,400 shares, the days-to-cover ratio is currently 0.1 days.

Global X Video Games & Esports ETF Stock Performance

Shares of HERO traded up $0.39 during mid-day trading on Tuesday, hitting $24.23. 20,520 shares of the company were exchanged, compared to its average volume of 18,860. The stock has a market cap of $101.04 million, a price-to-earnings ratio of 22.26 and a beta of 0.78. Global X Video Games & Esports ETF has a 1-year low of $18.85 and a 1-year high of $25.59. The company has a 50 day moving average of $24.06 and a 200-day moving average of $23.22.

Global X Video Games & Esports ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were paid a dividend of $0.2075 per share. The ex-dividend date was Monday, December 30th.

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

Hedge funds have recently modified their holdings of the company. CreativeOne Wealth LLC lifted its holdings in shares of Global X Video Games & Esports ETF by 164.9% in 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 last quarter. Archford Capital Strategies LLC lifted its stake in Global X Video Games & Esports ETF by 157.8% during the fourth quarter. Archford Capital Strategies LLC now owns 30,230 shares of the company’s stock worth $710,000 after purchasing an additional 18,503 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Global X Video Games & Esports ETF during the fourth quarter worth $480,000. Finally, HBW Advisory Services LLC grew its stake in shares of Global X Video Games & Esports ETF by 8.1% in 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 in the last quarter. Hedge funds and other 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.