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

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 27,700 shares, an increase of 158.9% from the March 15th total of 10,700 shares. Based on an average trading volume of 35,100 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.8% of the company’s shares are short sold.

Institutional Investors Weigh In On VanEck Video Gaming and eSports ETF

Institutional investors have recently bought and sold shares of the company. Stifel Financial Corp bought a new position in shares of VanEck Video Gaming and eSports ETF during the third quarter worth approximately $225,000. JPMorgan Chase & Co. raised its holdings in shares of VanEck Video Gaming and eSports ETF by 101.4% during the third quarter. JPMorgan Chase & Co. now owns 1,192 shares of the company’s stock valued at $91,000 after purchasing an additional 600 shares during the period. Jane Street Group LLC raised its holdings in shares of VanEck Video Gaming and eSports ETF by 2.5% in the 3rd quarter. Jane Street Group LLC now owns 17,363 shares of the company’s stock worth $1,321,000 after acquiring an additional 431 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of VanEck Video Gaming and eSports ETF by 299.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 827 shares of the company’s stock worth $69,000 after acquiring an additional 620 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of VanEck Video Gaming and eSports ETF by 41.6% in the third quarter. FMR LLC now owns 820 shares of the company’s stock valued at $62,000 after acquiring an additional 241 shares in the last quarter.

VanEck Video Gaming and eSports ETF Stock Performance

ESPO traded up $1.83 during midday trading on Thursday, reaching $88.56. 45,331 shares of the company were exchanged, compared to its average volume of 22,232. The stock has a market capitalization of $305.53 million, a P/E ratio of 26.40 and a beta of 0.77. The stock’s 50-day simple moving average is $89.37 and its 200 day simple moving average is $84.25. VanEck Video Gaming and eSports ETF has a one year low of $57.84 and a one year high of $97.45.

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.