VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Stock Price Down 1.1% – Time to Sell?

Shares of VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) traded down 1.1% during trading on Thursday . The stock traded as low as $85.13 and last traded at $85.25. Approximately 9,684 shares changed hands during trading, a decline of 64% from the average daily volume of 27,022 shares. The stock had previously closed at $86.17.

VanEck Video Gaming and eSports ETF Stock Down 1.1%

The firm has a market capitalization of $238.70 million, a price-to-earnings ratio of 27.36 and a beta of 0.98. The stock has a 50 day moving average of $90.06 and a 200 day moving average of $95.08.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Intesa Sanpaolo Wealth Management acquired a new position in shares of VanEck Video Gaming and eSports ETF in the 4th quarter worth approximately $41,000. Barclays PLC acquired a new stake in shares of VanEck Video Gaming and eSports ETF during the 4th quarter valued at approximately $175,000. Patten Group Inc. acquired a new stake in shares of VanEck Video Gaming and eSports ETF during the 3rd quarter valued at approximately $214,000. Stifel Financial Corp lifted its stake in VanEck Video Gaming and eSports ETF by 10.9% during the fourth quarter. Stifel Financial Corp now owns 2,104 shares of the company’s stock worth $218,000 after purchasing an additional 206 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in VanEck Video Gaming and eSports ETF during the fourth quarter worth $224,000.

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.