Global X Video Games & Esports ETF (NASDAQ:HERO) Sees Significant Growth in Short Interest

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.

Global X Video Games & Esports ETF Stock Performance

Shares of HERO stock opened at $24.58 on Friday. Global X Video Games & Esports ETF has a 52-week low of $24.24 and a 52-week high of $34.68. The stock has a market cap of $66.12 million, a price-to-earnings ratio of 22.89 and a beta of 0.90. The firm has a fifty day moving average of $26.02 and a 200-day moving average of $27.84.

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

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in shares of Global X Video Games & Esports ETF by 9.7% in the 1st 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 during the period. Arkadios Wealth Advisors boosted its stake in shares of Global X Video Games & Esports ETF by 20.1% in the 4th quarter. Arkadios Wealth Advisors now owns 9,666 shares of the company’s stock valued at $288,000 after purchasing an additional 1,616 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Global X Video Games & Esports ETF in the 4th quarter valued at $621,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Global X Video Games & Esports ETF in the 4th quarter valued at $491,000. Finally, Northbridge Financial Group LLC acquired a new stake in shares of Global X Video Games & Esports ETF in the 4th quarter valued at $216,000. 82.58% of the stock is currently owned by institutional investors.

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.