VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Short Interest Down 77.8% in March

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 10,700 shares, a decrease of 77.8% from the February 28th total of 48,100 shares. Based on an average daily trading volume, of 32,200 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Investors Weigh In On VanEck Video Gaming and eSports ETF

Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC grew its position in VanEck Video Gaming and eSports ETF by 41.6% in the 3rd quarter. FMR LLC now owns 820 shares of the company’s stock valued at $62,000 after acquiring an additional 241 shares in the last quarter. Stifel Financial Corp purchased a new stake in VanEck Video Gaming and eSports ETF during the 3rd quarter worth about $225,000. Jane Street Group LLC increased its holdings in VanEck Video Gaming and eSports ETF by 2.5% during the 3rd quarter. Jane Street Group LLC now owns 17,363 shares of the company’s stock worth $1,321,000 after purchasing an additional 431 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of VanEck Video Gaming and eSports ETF by 101.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,192 shares of the company’s stock valued at $91,000 after buying an additional 600 shares during the period. Finally, Stephens Consulting LLC grew its position in shares of VanEck Video Gaming and eSports ETF by 237.9% during the fourth quarter. Stephens Consulting LLC now owns 865 shares of the company’s stock worth $72,000 after buying an additional 609 shares in the last quarter.

VanEck Video Gaming and eSports ETF Stock Performance

ESPO opened at $91.37 on Thursday. The business’s 50 day moving average price is $89.78 and its 200 day moving average price is $82.92. The stock has a market capitalization of $306.09 million, a PE ratio of 29.09 and a beta of 0.77. VanEck Video Gaming and eSports ETF has a one year low of $57.84 and a one year high of $97.45.

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.