Global X Video Games & Esports ETF (NASDAQ:HERO) Sees Large Increase in Short Interest

Global X Video Games & Esports ETF (NASDAQ:HERO) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 212,200 shares, an increase of 29.5% from the August 15th total of 163,900 shares. Based on an average daily volume of 25,900 shares, the days-to-cover ratio is currently 8.2 days.

Global X Video Games & Esports ETF Price Performance

Shares of NASDAQ HERO opened at $19.29 on Monday. The stock has a fifty day moving average price of $20.14 and a 200 day moving average price of $20.17. Global X Video Games & Esports ETF has a 1-year low of $16.57 and a 1-year high of $21.57. The company has a market cap of $164.93 million, a PE ratio of 28.88 and a beta of 0.78.

Global X Video Games & Esports ETF Increases Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Monday, July 10th. Shareholders of record on Friday, June 30th were given a dividend of $0.027 per share. This is a positive change from Global X Video Games & Esports ETF’s previous Semi-Annual dividend of $0.01. The ex-dividend date was Thursday, June 29th.

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

Several institutional investors have recently made changes to their positions in the stock. Daiwa Securities Group Inc. boosted its position in shares of Global X Video Games & Esports ETF by 27.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 1,378,909 shares of the company’s stock worth $28,254,000 after buying an additional 300,000 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Global X Video Games & Esports ETF by 113.5% in the 3rd quarter. Jane Street Group LLC now owns 525,309 shares of the company’s stock worth $9,356,000 after buying an additional 279,245 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Global X Video Games & Esports ETF by 4.2% in the 1st quarter. Bank of America Corp DE now owns 345,285 shares of the company’s stock worth $7,023,000 after buying an additional 13,764 shares in the last quarter. Appleton Partners Inc. MA boosted its position in shares of Global X Video Games & Esports ETF by 1.3% in the 2nd quarter. Appleton Partners Inc. MA now owns 179,400 shares of the company’s stock worth $3,676,000 after buying an additional 2,340 shares in the last quarter. Finally, HBW Advisory Services LLC boosted its position in shares of Global X Video Games & Esports ETF by 3.1% in the 1st quarter. HBW Advisory Services LLC now owns 163,277 shares of the company’s stock worth $3,321,000 after buying an additional 4,864 shares in the last quarter. 82.58% of the stock is currently owned by hedge funds and other institutional investors.

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.