Global X Video Games & Esports ETF (NASDAQ:HERO) Trading Down 1.8% – What’s Next?

Global X Video Games & Esports ETF (NASDAQ:HERO) traded down 1.8% on Wednesday . The stock traded as low as $26.15 and last traded at $26.20. 120,860 shares were traded during trading, an increase of 254% from the average session volume of 34,140 shares. The stock had previously closed at $26.69.

Global X Video Games & Esports ETF Trading Down 1.8%

The stock has a fifty day simple moving average of $28.37 and a 200-day simple moving average of $30.72. The stock has a market cap of $84.89 million, a price-to-earnings ratio of 22.89 and a beta of 0.92.

Global X Video Games & Esports ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 30th were paid a $0.3329 dividend. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 223.0%.

Hedge Funds Weigh In On Global X Video Games & Esports ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC boosted its holdings in Global X Video Games & Esports ETF by 111.8% in the 1st quarter. Jane Street Group LLC now owns 27,574 shares of the company’s stock valued at $688,000 after purchasing an additional 14,557 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Global X Video Games & Esports ETF by 15.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 67,765 shares of the company’s stock worth $2,218,000 after purchasing an additional 8,846 shares during the period. Cetera Investment Advisers increased its holdings in shares of Global X Video Games & Esports ETF by 75.7% during the 2nd quarter. Cetera Investment Advisers now owns 97,717 shares of the company’s stock worth $3,198,000 after purchasing an additional 42,108 shares during the period. CW Advisors LLC acquired a new position in shares of Global X Video Games & Esports ETF during the second quarter valued at about $623,000. Finally, Sei Investments Co. acquired a new position in shares of Global X Video Games & Esports ETF during the second quarter valued at about $271,000. 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.