VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Sees Significant Growth in Short Interest

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 67,400 shares, a growth of 63.2% from the January 31st total of 41,300 shares. Based on an average trading volume of 29,500 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its position in VanEck Video Gaming and eSports ETF by 2.8% during the 4th quarter. Cetera Investment Advisers now owns 7,613 shares of the company’s stock worth $635,000 after buying an additional 204 shares in the last quarter. FMR LLC increased its position in shares of VanEck Video Gaming and eSports ETF by 41.6% in the third quarter. FMR LLC now owns 820 shares of the company’s stock valued at $62,000 after acquiring an additional 241 shares during the last quarter. Jane Street Group LLC raised its holdings in VanEck Video Gaming and eSports ETF by 2.5% during the third quarter. Jane Street Group LLC now owns 17,363 shares of the company’s stock worth $1,321,000 after acquiring an additional 431 shares in the last quarter. Stifel Financial Corp boosted its position in VanEck Video Gaming and eSports ETF by 14.6% during the fourth quarter. Stifel Financial Corp now owns 3,383 shares of the company’s stock valued at $282,000 after purchasing an additional 431 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in VanEck Video Gaming and eSports ETF by 101.4% in the third quarter. JPMorgan Chase & Co. now owns 1,192 shares of the company’s stock valued at $91,000 after purchasing an additional 600 shares in the last quarter.

VanEck Video Gaming and eSports ETF Stock Performance

NASDAQ ESPO traded down $0.17 on Monday, reaching $90.24. The company had a trading volume of 22,227 shares, compared to its average volume of 38,106. The firm has a market capitalization of $311.33 million, a price-to-earnings ratio of 31.95 and a beta of 0.89. VanEck Video Gaming and eSports ETF has a 1-year low of $57.84 and a 1-year high of $97.45. The company’s fifty day moving average is $87.78 and its 200-day moving average is $80.65.

VanEck Video Gaming and eSports ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 24th. Investors of record on Monday, December 23rd were issued a dividend of $0.365 per share. The ex-dividend date was Monday, December 23rd.

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.