Global X Video Games & Esports ETF (NASDAQ:HERO) Shares Shorted: Short Interest Down 61.6% in September

Global X Video Games & Esports ETF (NASDAQ:HERO) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 2,778 shares, a decline of 61.6% from the August 31st total of 7,234 shares. Based on an average daily volume of 10,127 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in 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 buying an additional 36,909 shares in the last quarter. Greenspring Advisors LLC acquired a new stake in Global X Video Games & Esports ETF in the second quarter worth $6,197,000. Envestnet Asset Management Inc. lifted its position in Global X Video Games & Esports ETF by 306.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 141,909 shares of the company’s stock valued at $3,514,000 after purchasing an additional 106,976 shares during the last quarter. Waycross Investment Management Co bought a new stake in Global X Video Games & Esports ETF in the 2nd quarter valued at about $1,036,000. Finally, Archford Capital Strategies LLC boosted its position in shares of Global X Video Games & Esports ETF by 83.6% during the second quarter. Archford Capital Strategies LLC now owns 27,955 shares of the company’s stock worth $692,000 after buying an additional 12,731 shares during the period. Institutional investors and hedge funds own 82.58% of the company’s stock.

Global X Video Games & Esports ETF Stock Performance

HERO traded down $0.09 on Tuesday, reaching $26.69. 26,553 shares of the company’s stock were exchanged, compared to its average volume of 27,718. The company’s 50 day moving average is $26.85 and its 200-day moving average is $26.08. The company has a market cap of $61.65 million, a price-to-earnings ratio of 22.89 and a beta of 0.91. Global X Video Games & Esports ETF has a twelve month low of $23.46 and a twelve month high of $34.32.

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.