Short Interest in Global X Video Games & Esports ETF (NASDAQ:HERO) Rises By 716.7%

Global X Video Games & Esports ETF (NASDAQ:HERO) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 4,900 shares, an increase of 716.7% from the December 15th total of 600 shares. Based on an average daily volume of 35,400 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Global X Video Games & Esports ETF stock. HBW Advisory Services LLC grew its holdings in Global X Video Games & Esports ETF (NASDAQ:HERO) by 8.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,172 shares of the company’s stock after purchasing an additional 690 shares during the period. HBW Advisory Services LLC owned about 0.20% of Global X Video Games & Esports ETF worth $223,000 as of its most recent SEC filing. 82.58% of the stock is owned by institutional investors.

Global X Video Games & Esports ETF Price Performance

Shares of HERO remained flat at $23.13 on Monday. The stock had a trading volume of 17,625 shares, compared to its average volume of 19,165. The firm has a market capitalization of $96.45 million, a price-to-earnings ratio of 22.26 and a beta of 0.78. The company’s 50-day moving average price is $24.01 and its 200-day moving average price is $23.05. Global X Video Games & Esports ETF has a 52 week low of $18.82 and a 52 week high of $25.59.

Global X Video Games & Esports ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were paid a dividend of $0.2075 per share. The ex-dividend date of this dividend was Monday, December 30th.

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.