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

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) shares were down 1.1% during trading on Thursday . The company traded as low as $85.13 and last traded at $85.25. Approximately 9,684 shares traded hands during mid-day 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 Trading Down 1.1%

The business has a 50 day simple moving average of $90.06 and a two-hundred day simple moving average of $95.08. The stock has a market cap of $238.70 million, a price-to-earnings ratio of 27.36 and a beta of 0.98.

Institutional Trading of VanEck Video Gaming and eSports ETF

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

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.