Global X Video Games & Esports ETF (NASDAQ:HERO) Shares Down 1% – Here’s Why

Shares of Global X Video Games & Esports ETF (NASDAQ:HERO) traded down 1% on Wednesday . The stock traded as low as $26.21 and last traded at $26.32. 9,303 shares traded hands during trading, a decline of 72% from the average session volume of 33,184 shares. The stock had previously closed at $26.58.

Global X Video Games & Esports ETF Trading Down 0.7%

The stock has a market cap of $71.04 million, a P/E ratio of 22.89 and a beta of 0.96. The firm has a 50-day simple moving average of $26.42 and a two-hundred day simple moving average of $29.16.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Archford Capital Strategies LLC raised its stake in shares of Global X Video Games & Esports ETF by 3.2% during the fourth quarter. Archford Capital Strategies LLC now owns 21,812 shares of the company’s stock valued at $649,000 after acquiring an additional 677 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Global X Video Games & Esports ETF by 13.1% during the third quarter. PNC Financial Services Group Inc. now owns 7,115 shares of the company’s stock valued at $241,000 after acquiring an additional 823 shares during the last quarter. Arkadios Wealth Advisors raised its stake in shares of Global X Video Games & Esports ETF by 20.1% during the fourth quarter. Arkadios Wealth Advisors now owns 9,666 shares of the company’s stock valued at $288,000 after acquiring an additional 1,616 shares during the last quarter. Farther Finance Advisors LLC bought a new position in shares of Global X Video Games & Esports ETF during the third quarter valued at $55,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Global X Video Games & Esports ETF by 81.8% during the third quarter. Jones Financial Companies Lllp now owns 4,686 shares of the company’s stock valued at $157,000 after acquiring an additional 2,108 shares during the last quarter. Institutional investors own 82.58% of the company’s stock.

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.