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

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 67,400 shares, an increase of 63.2% from the January 31st total of 41,300 shares. Based on an average daily trading volume, of 29,500 shares, the short-interest ratio is presently 2.3 days.

Institutional Trading of VanEck Video Gaming and eSports ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its position in VanEck Video Gaming and eSports ETF by 78,130.7% during the third quarter. PNC Financial Services Group Inc. now owns 117,346 shares of the company’s stock valued at $8,928,000 after buying an additional 117,196 shares during the period. Van ECK Associates Corp increased its holdings in shares of VanEck Video Gaming and eSports ETF by 55,197.6% in the 4th quarter. Van ECK Associates Corp now owns 46,450 shares of the company’s stock valued at $3,873,000 after purchasing an additional 46,366 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of VanEck Video Gaming and eSports ETF in the fourth quarter worth approximately $1,402,000. Strategic Financial Concepts LLC acquired a new stake in shares of VanEck Video Gaming and eSports ETF during the fourth quarter worth approximately $1,390,000. Finally, LPL Financial LLC grew its position in VanEck Video Gaming and eSports ETF by 6.6% during the fourth quarter. LPL Financial LLC now owns 80,999 shares of the company’s stock valued at $6,754,000 after purchasing an additional 4,994 shares in the last quarter.

VanEck Video Gaming and eSports ETF Trading Down 0.4 %

ESPO stock traded down $0.33 during mid-day trading on Friday, reaching $90.41. 69,109 shares of the stock traded hands, compared to its average volume of 38,513. The company has a market cap of $302.87 million, a P/E ratio of 29.98 and a beta of 0.77. VanEck Video Gaming and eSports ETF has a 52-week low of $57.84 and a 52-week high of $97.45. The stock’s fifty day moving average is $87.66 and its 200-day moving average is $80.40.

VanEck Video Gaming and eSports ETF Dividend Announcement

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

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.