VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Short Interest Down 77.8% in March

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 10,700 shares, a decrease of 77.8% from the February 28th total of 48,100 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 32,200 shares, the days-to-cover ratio is presently 0.3 days.

VanEck Video Gaming and eSports ETF Stock Down 0.7 %

Shares of NASDAQ ESPO traded down $0.62 during midday trading on Friday, hitting $87.74. The stock had a trading volume of 15,928 shares, compared to its average volume of 20,537. The stock has a 50 day simple moving average of $89.88 and a 200-day simple moving average of $82.96. VanEck Video Gaming and eSports ETF has a 1 year low of $57.84 and a 1 year high of $97.45. The company has a market capitalization of $293.93 million, a PE ratio of 29.09 and a beta of 0.77.

Institutional Investors Weigh In On VanEck Video Gaming and eSports ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Park Square Financial Group LLC purchased a new stake in shares of VanEck Video Gaming and eSports ETF in the 4th quarter valued at $58,000. FMR LLC increased its position in shares of VanEck Video Gaming and eSports ETF by 41.6% in the 3rd quarter. FMR LLC now owns 820 shares of the company’s stock valued at $62,000 after purchasing an additional 241 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in VanEck Video Gaming and eSports ETF by 299.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 827 shares of the company’s stock valued at $69,000 after buying an additional 620 shares in the last quarter. Stephens Consulting LLC lifted its stake in VanEck Video Gaming and eSports ETF by 237.9% during the fourth quarter. Stephens Consulting LLC now owns 865 shares of the company’s stock worth $72,000 after purchasing an additional 609 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of VanEck Video Gaming and eSports ETF by 101.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,192 shares of the company’s stock worth $91,000 after buying an additional 600 shares during the last quarter.

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.