VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Stock Short Interest Drops 87.6%

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 6,794 shares, a drop of 87.6% from the September 30th total of 54,629 shares. Based on an average daily trading volume, of 13,303 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the company’s shares are sold short.

Hedge Funds Weigh In On VanEck Video Gaming and eSports ETF

Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC purchased a new position in shares of VanEck Video Gaming and eSports ETF during the third quarter valued at approximately $64,000. Integrated Wealth Concepts LLC bought a new stake in shares of VanEck Video Gaming and eSports ETF in the second quarter valued at $143,000. Kestra Advisory Services LLC increased its holdings in VanEck Video Gaming and eSports ETF by 2.2% in the 1st quarter. Kestra Advisory Services LLC now owns 5,986 shares of the company’s stock worth $542,000 after acquiring an additional 129 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in VanEck Video Gaming and eSports ETF in the 3rd quarter worth about $581,000. Finally, Royal Bank of Canada raised its stake in VanEck Video Gaming and eSports ETF by 17.6% in the 1st quarter. Royal Bank of Canada now owns 15,647 shares of the company’s stock valued at $1,416,000 after acquiring an additional 2,341 shares during the period.

VanEck Video Gaming and eSports ETF Trading Down 0.8%

NASDAQ:ESPO traded down $0.76 on Tuesday, reaching $98.55. 12,088 shares of the stock traded hands, compared to its average volume of 22,033. The firm has a market capitalization of $251.30 million, a price-to-earnings ratio of 27.36 and a beta of 0.98. The company’s 50 day moving average is $98.13 and its 200-day moving average is $94.46. VanEck Video Gaming and eSports ETF has a 1-year low of $84.93 and a 1-year high of $116.34.

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.