Global X Video Games & Esports ETF (NASDAQ:HERO) Trading 0.8% Higher – Should You Buy?

Global X Video Games & Esports ETF (NASDAQ:HERO) traded up 0.8% during mid-day trading on Thursday . The stock traded as high as $24.35 and last traded at $24.23. 72,124 shares changed hands during trading, an increase of 120% from the average session volume of 32,796 shares. The stock had previously closed at $24.03.

Global X Video Games & Esports ETF Stock Performance

The business has a fifty day simple moving average of $23.88 and a 200 day simple moving average of $22.73. The company has a market cap of $116.55 million, a P/E ratio of 22.26 and a beta of 0.78.

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

A hedge fund recently raised its stake in Global X Video Games & Esports ETF stock. CreativeOne Wealth LLC lifted its stake in shares of Global X Video Games & Esports ETF (NASDAQ:HERO) by 164.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,183 shares of the company’s stock after purchasing an additional 64,861 shares during the quarter. CreativeOne Wealth LLC owned about 2.17% of Global X Video Games & Esports ETF worth $2,536,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 82.58% of the company’s stock.

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.