VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Stock Short Interest Climbs 915.6%

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 54,629 shares, an increase of 915.6% from the September 15th total of 5,379 shares. Approximately 2.1% of the company’s stock are sold short. Based on an average daily volume of 10,327 shares, the short-interest ratio is currently 5.3 days.

VanEck Video Gaming and eSports ETF Stock Up 2.7%

Shares of ESPO traded up $2.61 during mid-day trading on Friday, hitting $100.11. 16,735 shares of the company’s stock were exchanged, compared to its average volume of 22,424. VanEck Video Gaming and eSports ETF has a twelve month low of $84.93 and a twelve month high of $118.27. The firm has a fifty day moving average of $97.43 and a two-hundred day moving average of $92.90. The stock has a market cap of $255.28 million, a price-to-earnings ratio of 27.36 and a beta of 0.98.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ESPO. Royal Bank of Canada boosted its stake in VanEck Video Gaming and eSports ETF by 17.6% during the first quarter. Royal Bank of Canada now owns 15,647 shares of the company’s stock worth $1,416,000 after buying an additional 2,341 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in shares of 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 buying an additional 129 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of VanEck Video Gaming and eSports ETF in the 2nd quarter worth approximately $143,000.

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.