Short Interest in VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Drops By 28.8%
by Teresa Graham · The Cerbat GemVanEck Video Gaming and eSports ETF (NASDAQ:ESPO – Get Free Report) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 7,341 shares, a decline of 28.8% from the March 15th total of 10,314 shares. Based on an average daily trading volume, of 18,160 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the company’s shares are short sold.
VanEck Video Gaming and eSports ETF Stock Performance
Shares of ESPO stock traded up $1.73 during trading hours on Wednesday, hitting $93.70. 14,503 shares of the company were exchanged, compared to its average volume of 33,592. The firm has a market cap of $271.73 million, a P/E ratio of 27.36 and a beta of 1.07. VanEck Video Gaming and eSports ETF has a fifty-two week low of $86.21 and a fifty-two week high of $122.99. The company has a 50 day simple moving average of $91.86 and a two-hundred day simple moving average of $103.46.
Institutional Investors Weigh In On VanEck Video Gaming and eSports ETF
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new position in shares of VanEck Video Gaming and eSports ETF during the first quarter valued at about $1,505,000. Walleye Capital LLC acquired a new stake in shares of VanEck Video Gaming and eSports ETF in the 2nd quarter valued at about $568,000. Raymond James Financial Inc. increased its position in VanEck Video Gaming and eSports ETF by 6.3% in the 2nd quarter. Raymond James Financial Inc. now owns 15,713 shares of the company’s stock valued at $1,721,000 after buying an additional 935 shares in the last quarter. Ameriprise Financial Inc. increased its position in VanEck Video Gaming and eSports ETF by 210.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 27,920 shares of the company’s stock valued at $3,058,000 after buying an additional 18,925 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in VanEck Video Gaming and eSports ETF by 1.0% during the 2nd quarter. Bank of America Corp DE now owns 91,261 shares of the company’s stock worth $9,997,000 after buying an additional 920 shares during the period.
VanEck Video Gaming and eSports ETF Company Profile
The VanEck Video Gaming and eSports ETF (ESPO) is an exchange-traded fund that is based on the MVIS Global Video Gaming & eSports index, a market-cap-weighted index of global firms involved in video gaming and eSports. ESPO was launched on Oct 16, 2018 and is managed by VanEck.