Global X Video Games & Esports ETF (NASDAQ:HERO) Short Interest Update

Global X Video Games & Esports ETF (NASDAQ:HERO) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 19,673 shares, an increase of 198.5% from the May 14th total of 6,591 shares. Based on an average daily trading volume, of 46,794 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.7% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Bank of America Corp DE grew its position in shares of Global X Video Games & Esports ETF by 9.7% during the first quarter. Bank of America Corp DE now owns 417,861 shares of the company’s stock valued at $10,752,000 after purchasing an additional 36,909 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of Global X Video Games & Esports ETF by 1,176.1% during the third quarter. Daiwa Securities Group Inc. now owns 368,909 shares of the company’s stock valued at $12,499,000 after purchasing an additional 340,000 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of Global X Video Games & Esports ETF by 7.4% during the third quarter. Raymond James Financial Inc. now owns 84,708 shares of the company’s stock valued at $2,870,000 after purchasing an additional 5,819 shares in the last quarter. Jane Street Group LLC grew its position in shares of Global X Video Games & Esports ETF by 201.7% during the second quarter. Jane Street Group LLC now owns 83,190 shares of the company’s stock valued at $2,723,000 after purchasing an additional 55,616 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Global X Video Games & Esports ETF by 12.4% during the third quarter. Envestnet Asset Management Inc. now owns 76,186 shares of the company’s stock valued at $2,581,000 after purchasing an additional 8,421 shares in the last quarter. Hedge funds and other institutional investors own 82.58% of the company’s stock.

Global X Video Games & Esports ETF Stock Up 0.3%

NASDAQ HERO traded up $0.07 on Friday, reaching $24.65. The company had a trading volume of 3,623 shares, compared to its average volume of 33,784. The stock has a market capitalization of $66.31 million, a PE ratio of 22.89 and a beta of 0.90. The firm’s 50 day moving average price is $25.99 and its 200 day moving average price is $27.82. Global X Video Games & Esports ETF has a 12 month low of $24.24 and a 12 month high of $34.68.

Global X Video Games & Esports ETF Company Profile

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.