VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Short Interest Down 57.5% in March

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 7,700 shares, a drop of 57.5% from the February 29th total of 18,100 shares. Based on an average daily trading volume, of 18,200 shares, the short-interest ratio is currently 0.4 days.

VanEck Video Gaming and eSports ETF Price Performance

Shares of NASDAQ ESPO traded down $0.19 during midday trading on Thursday, hitting $62.52. The stock had a trading volume of 9,390 shares, compared to its average volume of 18,410. The company’s 50-day simple moving average is $60.80 and its 200 day simple moving average is $56.21. The firm has a market cap of $275.09 million, a P/E ratio of 22.96 and a beta of 0.77. VanEck Video Gaming and eSports ETF has a fifty-two week low of $49.03 and a fifty-two week high of $65.22.

Institutional Investors Weigh In On VanEck Video Gaming and eSports ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Assetmark Inc. acquired a new stake in shares of VanEck Video Gaming and eSports ETF in the 3rd quarter valued at $180,000. Cetera Advisor Networks LLC increased its stake in shares of VanEck Video Gaming and eSports ETF by 5.5% in the 2nd quarter. Cetera Advisor Networks LLC now owns 13,459 shares of the company’s stock valued at $750,000 after buying an additional 696 shares during the period. Raymond James & Associates boosted its position in shares of VanEck Video Gaming and eSports ETF by 3.3% in the 3rd quarter. Raymond James & Associates now owns 16,458 shares of the company’s stock worth $849,000 after purchasing an additional 527 shares during the last quarter. Kestra Advisory Services LLC boosted its position in shares of VanEck Video Gaming and eSports ETF by 15.9% in the 3rd quarter. Kestra Advisory Services LLC now owns 5,847 shares of the company’s stock worth $301,000 after purchasing an additional 802 shares during the last quarter. Finally, BlueCrest Capital Management Ltd boosted its position in shares of VanEck Video Gaming and eSports ETF by 230.8% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 51,192 shares of the company’s stock worth $2,854,000 after purchasing an additional 35,716 shares during 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.