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Short Interest in Global X Video Games & Esports ETF (NASDAQ:HERO) Increases By 339.1%

Financial News Live ·  Mar 3, 2023 06:52

Global X Video Games & Esports ETF (NASDAQ:HERO – Get Rating) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 84,300 shares, an increase of 339.1% from the January 31st total of 19,200 shares. Based on an average daily volume of 55,100 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Trading of Global X Video Games & Esports ETF

Several hedge funds have recently modified their holdings of HERO. Daiwa Securities Group Inc. boosted its position in shares of Global X Video Games & Esports ETF by 83.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 878,909 shares of the company's stock valued at $16,480,000 after purchasing an additional 400,000 shares during the period. Jane Street Group LLC raised its position in Global X Video Games & Esports ETF by 113.5% in the 3rd quarter. Jane Street Group LLC now owns 525,309 shares of the company's stock valued at $9,356,000 after purchasing an additional 279,245 shares during the last quarter. Bank of America Corp DE raised its position in Global X Video Games & Esports ETF by 3.1% in the 4th quarter. Bank of America Corp DE now owns 331,521 shares of the company's stock valued at $6,216,000 after purchasing an additional 9,875 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Global X Video Games & Esports ETF in the 2nd quarter valued at $4,491,000. Finally, HBW Advisory Services LLC raised its position in Global X Video Games & Esports ETF by 2.5% in the 4th quarter. HBW Advisory Services LLC now owns 158,413 shares of the company's stock valued at $2,970,000 after purchasing an additional 3,807 shares during the last quarter. 82.58% of the stock is currently owned by institutional investors and hedge funds.

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Global X Video Games & Esports ETF Price Performance

Shares of NASDAQ HERO traded up $0.36 during mid-day trading on Thursday, hitting $19.41. The company had a trading volume of 17,556 shares, compared to its average volume of 48,979. The company has a market capitalization of $171.00 million, a PE ratio of 28.88 and a beta of 0.75. Global X Video Games & Esports ETF has a 1-year low of $16.57 and a 1-year high of $26.27. The business's 50-day simple moving average is $19.56 and its 200 day simple moving average is $19.12.

Global X Video Games & Esports ETF Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Monday, January 9th. Stockholders of record on Friday, December 30th were paid a $0.005 dividend. The ex-dividend date of this dividend was Thursday, December 29th.

About Global X Video Games & Esports ETF

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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.

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