Short Interest in Global X Video Games & Esports ETF (NASDAQ:HERO) Rises By 76.3%

Global X Video Games & Esports ETF (NASDAQ:HERO) was the recipient of a significant increase in short interest in the month of 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. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 29,200 shares, the short-interest ratio is presently 0.2 days.

Global X Video Games & Esports ETF Price Performance

NASDAQ HERO traded down $0.30 on Friday, hitting $25.65. 7,871 shares of the company’s stock were exchanged, compared to its average volume of 31,922. The firm has a market cap of $106.96 million, a price-to-earnings ratio of 25.20 and a beta of 0.78. The firm’s 50-day moving average price is $25.68 and its two-hundred day moving average price is $24.42. Global X Video Games & Esports ETF has a fifty-two week low of $18.85 and a fifty-two week high of $27.53.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas acquired a new stake in Global X Video Games & Esports ETF in the fourth quarter valued at $70,000. SBI Securities Co. Ltd. purchased a new position in shares of Global X Video Games & Esports ETF in the 4th quarter valued at about $164,000. Raymond James Financial Inc. purchased a new position in shares of Global X Video Games & Esports ETF in the 4th quarter valued at about $230,000. NewEdge Advisors LLC lifted its stake in shares of Global X Video Games & Esports ETF by 3,111.6% in the fourth quarter. NewEdge Advisors LLC now owns 10,566 shares of the company’s stock valued at $248,000 after purchasing an additional 10,237 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Global X Video Games & Esports ETF by 135.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 16,101 shares of the company’s stock worth $378,000 after buying an additional 9,270 shares in the last quarter. Institutional investors and hedge funds 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.