Short Interest in VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Declines By 70.5%

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 5,298 shares, a drop of 70.5% from the July 30th total of 17,956 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 21,346 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of VanEck Video Gaming and eSports ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC lifted its stake in shares of VanEck Video Gaming and eSports ETF by 2.2% during 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 last quarter. Wells Fargo & Company MN raised its position in shares of VanEck Video Gaming and eSports ETF by 1.0% in the fourth quarter. Wells Fargo & Company MN now owns 18,411 shares of the company’s stock valued at $1,907,000 after buying an additional 183 shares during the last quarter. Great Valley Advisor Group Inc. raised its holdings in shares of VanEck Video Gaming and eSports ETF by 7.6% during the 4th quarter. Great Valley Advisor Group Inc. now owns 2,889 shares of the company’s stock worth $299,000 after acquiring an additional 204 shares during the period. Stifel Financial Corp grew its holdings in shares of 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 purchasing an additional 206 shares during the period. Finally, HRT Financial LP grew its stake in shares of VanEck Video Gaming and eSports ETF by 9.2% in the fourth quarter. HRT Financial LP now owns 3,247 shares of the company’s stock valued at $336,000 after buying an additional 273 shares in the last quarter.

VanEck Video Gaming and eSports ETF Trading Up 1.1%

ESPO stock traded up $1.10 during trading on Friday, reaching $97.74. The stock had a trading volume of 24,090 shares, compared to its average volume of 24,167. VanEck Video Gaming and eSports ETF has a 52 week low of $84.93 and a 52 week high of $122.99. The stock’s 50 day moving average is $93.65 and its two-hundred day moving average is $91.97. The firm has a market cap of $254.12 million, a PE ratio of 27.36 and a beta of 0.98.

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.