Global X Video Games & Esports ETF (NASDAQ:HERO) Shares Shorted: Short Interest Up 150.9% in September

Global X Video Games & Esports ETF (NASDAQ:HERO) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 6,970 shares, an increase of 150.9% from the September 15th total of 2,778 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 12,172 shares, the short-interest ratio is presently 0.6 days.

Global X Video Games & Esports ETF Trading Up 0.2%

Shares of Global X Video Games & Esports ETF stock traded up $0.06 on Tuesday, reaching $27.64. 65,218 shares of the stock were exchanged, compared to its average volume of 27,071. Global X Video Games & Esports ETF has a 1-year low of $23.46 and a 1-year high of $33.42. The business has a fifty day moving average price of $27.16 and a two-hundred day moving average price of $26.15. The firm has a market capitalization of $62.48 million, a PE ratio of 22.89 and a beta of 0.89.

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

A number of institutional investors have recently added to or reduced their stakes in HERO. Waycross Investment Management Co purchased a new stake in shares of Global X Video Games & Esports ETF in the second quarter valued at approximately $1,036,000. Greenspring Advisors LLC purchased a new position in Global X Video Games & Esports ETF in the second quarter worth $6,197,000. Envestnet Asset Management Inc. raised its position in Global X Video Games & Esports ETF by 306.2% in the second quarter. Envestnet Asset Management Inc. now owns 141,909 shares of the company’s stock worth $3,514,000 after acquiring an additional 106,976 shares in the last quarter. Tidal Investments LLC purchased a new position in Global X Video Games & Esports ETF in the second quarter worth $452,000. Finally, Bank of America Corp DE lifted its holdings in Global X Video Games & Esports ETF by 9.7% in the first quarter. Bank of America Corp DE now owns 417,861 shares of the company’s stock valued at $10,752,000 after acquiring an additional 36,909 shares during the period. Hedge funds and other 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.