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 increase in short interest in September. As of September 15th, there was short interest totalling 16,100 shares, an increase of 117.6% from the August 31st total of 7,400 shares. Based on an average daily trading volume, of 18,500 shares, the short-interest ratio is presently 0.9 days.

VanEck Video Gaming and eSports ETF Price Performance

ESPO stock opened at $76.41 on Friday. The business has a fifty day moving average price of $69.37 and a 200 day moving average price of $66.13. VanEck Video Gaming and eSports ETF has a fifty-two week low of $49.03 and a fifty-two week high of $77.08. The stock has a market capitalization of $278.90 million, a price-to-earnings ratio of 29.98 and a beta of 0.77.

Hedge Funds Weigh In On VanEck Video Gaming and eSports ETF

Large investors have recently made changes to their positions in the company. Main Management ETF Advisors LLC increased its holdings in VanEck Video Gaming and eSports ETF by 0.8% in the second quarter. Main Management ETF Advisors LLC now owns 225,620 shares of the company’s stock valued at $15,096,000 after purchasing an additional 1,740 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of VanEck Video Gaming and eSports ETF by 55.2% during the 1st quarter. BNP Paribas Financial Markets now owns 24,776 shares of the company’s stock valued at $1,549,000 after purchasing an additional 8,808 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of VanEck Video Gaming and eSports ETF in the 2nd quarter valued at approximately $894,000. Assetmark Inc. increased its stake in VanEck Video Gaming and eSports ETF by 107.8% during the 4th quarter. Assetmark Inc. now owns 7,269 shares of the company’s stock worth $412,000 after purchasing an additional 3,771 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new stake in VanEck Video Gaming and eSports ETF during the 2nd quarter worth approximately $478,000.

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.