Short Interest in VanEck Gaming ETF (NASDAQ:BJK) Drops By 66.3%

VanEck Gaming ETF (NASDAQ:BJK) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 13,300 shares, a drop of 66.3% from the January 15th total of 39,500 shares. Based on an average daily trading volume, of 3,600 shares, the days-to-cover ratio is presently 3.7 days.

Hedge Funds Weigh In On VanEck Gaming ETF

A hedge fund recently bought a new stake in VanEck Gaming ETF stock. Harbour Investments Inc. bought a new stake in shares of VanEck Gaming ETF (NASDAQ:BJK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,476 shares of the company’s stock, valued at approximately $288,000. Harbour Investments Inc. owned approximately 0.81% of VanEck Gaming ETF at the end of the most recent quarter.

VanEck Gaming ETF Price Performance

VanEck Gaming ETF stock traded up $0.53 during mid-day trading on Wednesday, reaching $40.72. 392 shares of the company traded hands, compared to its average volume of 3,643. VanEck Gaming ETF has a 52-week low of $37.24 and a 52-week high of $45.53. The firm has a market capitalization of $28.50 million, a price-to-earnings ratio of 19.97 and a beta of 1.30. The firm’s 50 day moving average price is $41.31 and its 200 day moving average price is $42.05.

VanEck Gaming ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 24th. Investors of record on Monday, December 23rd were given a dividend of $1.1667 per share. The ex-dividend date was Monday, December 23rd.

About VanEck Gaming ETF

The VanEck Gaming ETF (BJK) is an exchange-traded fund that is based on the MVIS Global Gaming index, a market-cap-weighted index of global companies that generate at least 50% of revenues from gaming and related activities. BJK was launched on Jan 22, 2008 and is managed by VanEck.