VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Shares Shorted: Short Interest Up 915.6% in September

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

VanEck Video Gaming and eSports ETF Price Performance

ESPO stock traded up $2.61 during trading on Friday, reaching $100.11. 16,735 shares of the company were exchanged, compared to its average volume of 22,424. The company has a market capitalization of $255.28 million, a price-to-earnings ratio of 27.36 and a beta of 0.98. The company has a 50-day moving average of $97.43 and a two-hundred day moving average of $92.90. VanEck Video Gaming and eSports ETF has a twelve month low of $84.93 and a twelve month high of $118.27.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ESPO. Integrated Wealth Concepts LLC bought a new position in shares of VanEck Video Gaming and eSports ETF in the 2nd quarter valued at $143,000. Royal Bank of Canada grew its position in VanEck Video Gaming and eSports ETF by 17.6% during the 1st quarter. Royal Bank of Canada now owns 15,647 shares of the company’s stock worth $1,416,000 after acquiring an additional 2,341 shares during the last quarter. Finally, Kestra Advisory Services LLC increased 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 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.