VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Stock Price Down 1.1% – Here’s Why

Shares of VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) dropped 1.1% during trading on Thursday . The stock 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 session volume of 27,022 shares. The stock had previously closed at $86.17.

VanEck Video Gaming and eSports ETF Price Performance

The stock has a market cap of $242.23 million, a P/E ratio of 27.36 and a beta of 0.98. The stock’s 50-day moving average is $89.92 and its two-hundred day moving average is $95.02.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new position in shares of VanEck Video Gaming and eSports ETF during the first quarter valued at about $1,505,000. Walleye Capital LLC bought a new position in VanEck Video Gaming and eSports ETF during the second quarter valued at approximately $568,000. Raymond James Financial Inc. boosted its stake in VanEck Video Gaming and eSports ETF by 6.3% during the second quarter. Raymond James Financial Inc. now owns 15,713 shares of the company’s stock valued at $1,721,000 after buying an additional 935 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in VanEck Video Gaming and eSports ETF by 210.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 27,920 shares of the company’s stock valued at $3,058,000 after buying an additional 18,925 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in VanEck Video Gaming and eSports ETF by 1.0% during the 2nd quarter. Bank of America Corp DE now owns 91,261 shares of the company’s stock valued at $9,997,000 after buying an additional 920 shares in the last quarter.

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.