VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Sees Large Increase in Short Interest

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 13,800 shares, a growth of 200.0% from the December 31st total of 4,600 shares. Based on an average daily trading volume, of 18,600 shares, the days-to-cover ratio is presently 0.7 days.

VanEck Video Gaming and eSports ETF Price Performance

Shares of ESPO opened at $88.14 on Friday. The stock has a market capitalization of $295.27 million, a price-to-earnings ratio of 29.98 and a beta of 0.77. VanEck Video Gaming and eSports ETF has a 1 year low of $57.07 and a 1 year high of $89.58. The business’s 50 day simple moving average is $84.67 and its 200-day simple moving average is $76.58.

VanEck Video Gaming and eSports ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 24th. Investors of record on Monday, December 23rd were paid a dividend of $0.365 per share. The ex-dividend date was Monday, December 23rd.

Hedge Funds Weigh In On VanEck Video Gaming and eSports ETF

Several institutional investors have recently bought and sold shares of ESPO. Values First Advisors Inc. bought a new position in shares of VanEck Video Gaming and eSports ETF during the 3rd quarter valued at approximately $58,000. FMR LLC increased its position in VanEck Video Gaming and eSports ETF by 41.6% during the third quarter. FMR LLC now owns 820 shares of the company’s stock valued at $62,000 after acquiring an additional 241 shares during the last quarter. Stephens Consulting LLC raised its stake in shares of VanEck Video Gaming and eSports ETF by 237.9% in the fourth quarter. Stephens Consulting LLC now owns 865 shares of the company’s stock valued at $72,000 after acquiring an additional 609 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of VanEck Video Gaming and eSports ETF by 101.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,192 shares of the company’s stock worth $91,000 after acquiring an additional 600 shares during the last quarter. Finally, Stifel Financial Corp purchased a new position in shares of VanEck Video Gaming and eSports ETF during the 3rd quarter worth about $225,000.

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.