VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Short Interest Down 48.8% in October

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 12,400 shares, a decline of 48.8% from the October 15th total of 24,200 shares. Based on an average trading volume of 16,900 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of VanEck Video Gaming and eSports ETF

Hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its holdings in shares of VanEck Video Gaming and eSports ETF by 78,130.7% in the third quarter. PNC Financial Services Group Inc. now owns 117,346 shares of the company’s stock valued at $8,928,000 after purchasing an additional 117,196 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in VanEck Video Gaming and eSports ETF in the 2nd quarter worth about $894,000. BNP Paribas Financial Markets boosted its stake in VanEck Video Gaming and eSports ETF by 55.2% in the 1st quarter. BNP Paribas Financial Markets now owns 24,776 shares of the company’s stock worth $1,549,000 after purchasing an additional 8,808 shares during the period. Rothschild Investment LLC purchased a new position in VanEck Video Gaming and eSports ETF during the second quarter valued at approximately $478,000. Finally, RFG Advisory LLC bought a new position in shares of VanEck Video Gaming and eSports ETF in the second quarter worth $222,000.

VanEck Video Gaming and eSports ETF Stock Performance

Shares of NASDAQ ESPO traded up $1.53 during midday trading on Thursday, reaching $79.66. The company’s stock had a trading volume of 18,759 shares, compared to its average volume of 16,748. The company has a market cap of $274.83 million, a P/E ratio of 29.98 and a beta of 0.77. The business’s 50 day moving average price is $74.48 and its two-hundred day moving average price is $69.45. VanEck Video Gaming and eSports ETF has a fifty-two week low of $54.14 and a fifty-two week high of $80.87.

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.