VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Short Interest Down 19.9% in March

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 10,314 shares, a drop of 19.9% from the February 26th total of 12,875 shares. Based on an average daily trading volume, of 35,576 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On VanEck Video Gaming and eSports ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in shares of VanEck Video Gaming and eSports ETF in the first quarter valued at $1,505,000. Steward Partners Investment Advisory LLC grew its stake in shares of VanEck Video Gaming and eSports ETF by 26.1% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,063 shares of the company’s stock worth $226,000 after acquiring an additional 427 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in VanEck Video Gaming and eSports ETF by 196.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,940 shares of the company’s stock worth $541,000 after acquiring an additional 3,276 shares during the last quarter. Walleye Capital LLC bought a new stake in VanEck Video Gaming and eSports ETF in the 2nd quarter valued at about $568,000. Finally, Flow Traders U.S. LLC raised its stake in VanEck Video Gaming and eSports ETF by 311.9% in the 2nd quarter. Flow Traders U.S. LLC now owns 15,528 shares of the company’s stock valued at $1,701,000 after acquiring an additional 11,758 shares during the period.

VanEck Video Gaming and eSports ETF Stock Performance

ESPO traded up $0.83 during midday trading on Wednesday, reaching $91.33. The company had a trading volume of 2,939 shares, compared to its average volume of 36,631. VanEck Video Gaming and eSports ETF has a 12-month low of $77.91 and a 12-month high of $122.99. The business has a 50-day moving average price of $94.46 and a two-hundred day moving average price of $105.61. The stock has a market cap of $287.69 million, a PE ratio of 27.36 and a beta of 1.03.

About VanEck Video Gaming and eSports ETF

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.