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

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 67,400 shares, a growth 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 currently 2.3 days.

VanEck Video Gaming and eSports ETF Stock Down 0.4 %

ESPO stock traded down $0.33 during trading hours on Friday, hitting $90.41. The company’s stock had a trading volume of 69,109 shares, compared to its average volume of 38,513. The stock has a 50 day moving average price of $87.66 and a two-hundred day moving average price of $80.40. VanEck Video Gaming and eSports ETF has a 12 month low of $57.84 and a 12 month high of $97.45. The company has a market capitalization of $302.87 million, a PE ratio of 29.98 and a beta of 0.77.

VanEck Video Gaming and eSports ETF Announces Dividend

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

Hedge Funds Weigh In On VanEck Video Gaming and eSports ETF

Hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its stake in shares of VanEck Video Gaming and eSports ETF by 78,130.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 117,346 shares of the company’s stock worth $8,928,000 after acquiring an additional 117,196 shares in the last quarter. Van ECK Associates Corp raised its stake 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 acquiring an additional 46,366 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in VanEck Video Gaming and eSports ETF in the 4th quarter worth approximately $1,402,000. Strategic Financial Concepts LLC bought a new stake in VanEck Video Gaming and eSports ETF during the fourth quarter worth approximately $1,390,000. Finally, LPL Financial LLC grew its holdings 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 during the last quarter.

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.