Global X Video Games & Esports ETF (NASDAQ:HERO) Stock Price Up 0% – Still a Buy?

by · The Cerbat Gem

Global X Video Games & Esports ETF (NASDAQ:HERO – Get Free Report) shot up 0% during trading on Wednesday . The company traded as high as $26.00 and last traded at $25.95. 26,612 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 33,294 shares. The stock had previously closed at $25.94.

Global X Video Games & Esports ETF Stock Performance

The stock has a fifty 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 PE ratio of 22.89 and a beta of 0.92.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Global X Video Games & Esports ETF by 1,622.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 77,500 shares of the company’s stock valued at $2,626,000 after acquiring an additional 73,000 shares during the last quarter. Arkadios Wealth Advisors bought a new position in shares of Global X Video Games & Esports ETF during the 3rd quarter valued at approximately $273,000. BAM Wealth Management LLC bought a new position in shares of Global X Video Games & Esports ETF during the 3rd quarter valued at approximately $255,000. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Global X Video Games & Esports ETF during the 4th quarter valued at approximately $491,000. Finally, 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. 82.58% of the stock is currently owned by institutional investors.

Global X Video Games & Esports ETF Company Profile

(Get Free Report)

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.

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