Global X Video Games & Esports ETF (NASDAQ:HERO) Trading Up 0% – Time to Buy?

Global X Video Games & Esports ETF (NASDAQ:HERO)’s stock price rose 0% during mid-day trading on Wednesday . The company traded as high as $26.00 and last traded at $25.95. Approximately 26,612 shares were traded during trading, a decline of 20% from the average daily volume of 33,294 shares. The stock had previously closed at $25.94.

Global X Video Games & Esports ETF Trading Up 0.0%

The stock has a 50 day moving average of $26.21 and a 200-day moving average of $28.55. The company has a market capitalization of $69.81 million, a P/E ratio of 22.89 and a beta of 0.92.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HERO. Farther Finance Advisors LLC grew its stake in shares of Global X Video Games & Esports ETF by 164.5% during the 4th quarter. Farther Finance Advisors LLC now owns 4,303 shares of the company’s stock valued at $128,000 after acquiring an additional 2,676 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Global X Video Games & Esports ETF by 81.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 4,686 shares of the company’s stock valued at $157,000 after acquiring an additional 2,108 shares during the period. Alteri Wealth LLC bought a new position in shares of Global X Video Games & Esports ETF during the 3rd quarter valued at approximately $210,000. Northbridge Financial Group LLC bought a new position in shares of Global X Video Games & Esports ETF during the 4th quarter valued at approximately $216,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Global X Video Games & Esports ETF by 13.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,115 shares of the company’s stock valued at $241,000 after acquiring an additional 823 shares during the period. 82.58% of the stock is currently owned by 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.