Global X Video Games & Esports ETF (NASDAQ:HERO) Short Interest Down 46.7% in June

Global X Video Games & Esports ETF (NASDAQ:HERO) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 10,483 shares, a decline of 46.7% from the May 31st total of 19,673 shares. Based on an average daily volume of 27,576 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the shares of the company are sold short.

Global X Video Games & Esports ETF Price Performance

NASDAQ:HERO opened at $24.57 on Tuesday. Global X Video Games & Esports ETF has a one year low of $23.46 and a one year high of $34.68. The company has a market cap of $66.09 million, a P/E ratio of 22.89 and a beta of 0.90. The firm’s fifty day moving average price is $25.61 and its two-hundred day moving average price is $27.27.

Global X Video Games & Esports ETF Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, July 7th. Investors of record on Monday, June 29th will be issued a dividend of $0.1282 per share. The ex-dividend date of this dividend is Monday, June 29th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. raised its holdings in Global X Video Games & Esports ETF by 641.5% in the 2nd quarter. Raymond James Financial Inc. now owns 78,889 shares of the company’s stock valued at $2,582,000 after acquiring an additional 68,250 shares during the period. Jane Street Group LLC lifted its position in Global X Video Games & Esports ETF by 111.8% during the first quarter. Jane Street Group LLC now owns 27,574 shares of the company’s stock worth $688,000 after acquiring an additional 14,557 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Global X Video Games & Esports ETF by 62.0% during the third quarter. Sei Investments Co. now owns 13,423 shares of the company’s stock worth $455,000 after acquiring an additional 5,137 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of Global X Video Games & Esports ETF by 335.5% during the second quarter. Osaic Holdings Inc. now owns 11,423 shares of the company’s stock worth $374,000 after acquiring an additional 8,800 shares during the period. Finally, Arkadios Wealth Advisors grew its position in shares of Global X Video Games & Esports ETF by 20.1% in the fourth 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 during the last quarter. Institutional investors and hedge funds 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.