Roundhill Video Games ETF (NASDAQ:NERD) Trading Down 0.7% – Here’s Why

Roundhill Video Games ETF (NASDAQ:NERD) traded down 0.7% during trading on Wednesday . The company traded as low as $19.67 and last traded at $19.67. 1,466 shares were traded during trading, a decline of 31% from the average session volume of 2,126 shares. The stock had previously closed at $19.80.

Roundhill Video Games ETF Stock Down 0.6%

The firm has a market cap of $14.84 million, a price-to-earnings ratio of 24.17 and a beta of 0.94. The stock’s 50 day moving average is $20.70 and its 200 day moving average is $22.28.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Roundhill Video Games ETF stock. Flow Traders U.S. LLC purchased a new position in Roundhill Video Games ETF (NASDAQ:NERD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,016 shares of the company’s stock, valued at approximately $267,000. Flow Traders U.S. LLC owned about 1.02% of Roundhill Video Games ETF as of its most recent filing with the Securities & Exchange Commission.

About Roundhill Video Games ETF

The Roundhill Video Games ETF (NERD) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a modified market cap-weighted index of globally listed equities of companies engaged in the video games and eSports industry. NERD was launched on Jun 4, 2019 and is issued by Roundhill.