Short Interest in VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Expands By 200.0%

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 13,800 shares, an increase of 200.0% from the December 15th total of 4,600 shares. Based on an average trading volume of 18,600 shares, the short-interest ratio is currently 0.7 days.

VanEck Video Gaming and eSports ETF Stock Performance

NASDAQ:ESPO traded up $2.03 during mid-day trading on Wednesday, hitting $84.12. 26,692 shares of the company’s stock traded hands, compared to its average volume of 32,855. VanEck Video Gaming and eSports ETF has a 1 year low of $54.54 and a 1 year high of $89.58. The company has a market cap of $281.80 million, a PE ratio of 29.98 and a beta of 0.77. The firm’s 50 day simple moving average is $83.48 and its 200 day simple moving average is $75.27.

VanEck Video Gaming and eSports ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 24th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.365 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On VanEck Video Gaming and eSports ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Main Management ETF Advisors LLC boosted its position in VanEck Video Gaming and eSports ETF by 0.8% during the second quarter. Main Management ETF Advisors LLC now owns 225,620 shares of the company’s stock worth $15,096,000 after acquiring an additional 1,740 shares during the last quarter. PNC Financial Services Group Inc. grew its position 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 period. Assetmark Inc. increased its stake in VanEck Video Gaming and eSports ETF by 6.3% in the third quarter. Assetmark Inc. now owns 21,923 shares of the company’s stock valued at $1,668,000 after purchasing an additional 1,297 shares during the last quarter. Jane Street Group LLC increased its stake in VanEck Video Gaming and eSports ETF by 2.5% in the third quarter. Jane Street Group LLC now owns 17,363 shares of the company’s stock valued at $1,321,000 after purchasing an additional 431 shares during the last quarter. Finally, Stifel Financial Corp purchased a new position in VanEck Video Gaming and eSports ETF during the third quarter worth about $225,000.

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.