Global X Video Games & Esports ETF (NASDAQ:HERO) Stock Price Down 0.5% – Here’s What Happened

Global X Video Games & Esports ETF (NASDAQ:HERO)’s stock price was down 0.5% during trading on Tuesday . The company traded as low as $26.82 and last traded at $27.01. Approximately 8,176 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 37,230 shares. The stock had previously closed at $27.14.

Global X Video Games & Esports ETF Trading Down 0.5%

The business has a fifty day moving average price of $29.40 and a two-hundred day moving average price of $31.41. The firm has a market capitalization of $87.51 million, a PE ratio of 22.89 and a beta of 0.92.

Global X Video Games & Esports ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were given a dividend of $0.3329 per share. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 223.0%.

Hedge Funds Weigh In On Global X Video Games & Esports ETF

Several large investors have recently made changes to their positions in the stock. Arkadios Wealth Advisors increased its holdings in Global X Video Games & Esports ETF by 20.1% in the 4th 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. Jane Street Group LLC purchased a new position in shares of Global X Video Games & Esports ETF during the fourth quarter worth $621,000. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Global X Video Games & Esports ETF during the fourth quarter worth $491,000. Northbridge Financial Group LLC acquired a new stake in shares of Global X Video Games & Esports ETF in the fourth quarter valued at $216,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Global X Video Games & Esports ETF by 164.5% in the 4th quarter. Farther Finance Advisors LLC now owns 4,303 shares of the company’s stock valued at $128,000 after buying an additional 2,676 shares during the period. 82.58% of the stock is currently owned by institutional investors and hedge funds.

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.