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

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) was the recipient of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 18,328 shares, an increase of 169.8% from the October 15th total of 6,794 shares. Based on an average daily volume of 19,662 shares, the short-interest ratio is presently 0.9 days. Approximately 0.7% of the company’s shares are sold short.

VanEck Video Gaming and eSports ETF Price Performance

Shares of NASDAQ ESPO opened at $102.96 on Friday. The firm has a 50-day moving average of $98.79 and a 200 day moving average of $94.14. VanEck Video Gaming and eSports ETF has a 1 year low of $84.93 and a 1 year high of $112.33. The stock has a market cap of $252.25 million, a P/E ratio of 17.88 and a beta of 0.98.

Institutional Investors Weigh In On VanEck Video Gaming and eSports ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in ESPO. Kestra Advisory Services LLC raised 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 purchasing an additional 129 shares during the period. Simplex Trading LLC bought a new position in shares of VanEck Video Gaming and eSports ETF during the third quarter worth $28,000. Signaturefd LLC purchased a new position in shares of VanEck Video Gaming and eSports ETF during the third quarter valued at about $64,000. Integrated Wealth Concepts LLC purchased a new position in VanEck Video Gaming and eSports ETF during the 2nd quarter valued at approximately $143,000. Finally, Royal Bank of Canada increased its position in VanEck Video Gaming and eSports ETF by 17.6% in the first quarter. Royal Bank of Canada now owns 15,647 shares of the company’s stock worth $1,416,000 after purchasing an additional 2,341 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.