Short Interest in VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Grows By 144.2%

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) saw a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 67,400 shares, agrowthof144.2% from the July 31st total of 27,600 shares. Based on an average daily volume of 29,600 shares, the short-interest ratio is currently 2.3 days. Based on an average daily volume of 29,600 shares, the short-interest ratio is currently 2.3 days.

VanEck Video Gaming and eSports ETF Price Performance

ESPO opened at $114.15 on Thursday. VanEck Video Gaming and eSports ETF has a 12 month low of $68.05 and a 12 month high of $116.00. The stock has a market capitalization of $416.65 million, a P/E ratio of 27.36 and a beta of 0.77. The business has a 50 day simple moving average of $110.21 and a 200-day simple moving average of $99.97.

Hedge Funds Weigh In On VanEck Video Gaming and eSports ETF

Large investors have recently made changes to their positions in the stock. Stifel Financial Corp boosted its holdings in VanEck Video Gaming and eSports ETF by 14.6% during the fourth quarter. Stifel Financial Corp now owns 3,383 shares of the company’s stock worth $282,000 after buying an additional 431 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of VanEck Video Gaming and eSports ETF by 2.8% during the 4th quarter. Cetera Investment Advisers now owns 7,613 shares of the company’s stock worth $635,000 after acquiring an additional 204 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in shares of VanEck Video Gaming and eSports ETF in the 4th quarter worth approximately $58,000. International Assets Investment Management LLC purchased a new position in VanEck Video Gaming and eSports ETF in the 1st quarter valued at approximately $656,000. Finally, Assetmark Inc. raised its holdings in VanEck Video Gaming and eSports ETF by 20.4% during the first quarter. Assetmark Inc. now owns 29,928 shares of the company’s stock worth $2,582,000 after purchasing an additional 5,070 shares during the last quarter.

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.