VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Trading Down 0.3% – Time to Sell?

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) dropped 0.3% during mid-day trading on Thursday . The company traded as low as $91.67 and last traded at $91.67. Approximately 3,364 shares were traded during trading, a decline of 87% from the average daily volume of 25,687 shares. The stock had previously closed at $91.98.

VanEck Video Gaming and eSports ETF Stock Performance

The firm has a market cap of $242.93 million, a P/E ratio of 27.36 and a beta of 0.98. The firm’s fifty day moving average is $89.63 and its 200 day moving average is $93.54.

Institutional Investors Weigh In On VanEck Video Gaming and eSports ETF

Hedge funds have recently bought and sold shares of the stock. Assetmark Inc. lifted its holdings in VanEck Video Gaming and eSports ETF by 35.9% during the 4th quarter. Assetmark Inc. now owns 140,427 shares of the company’s stock worth $14,549,000 after purchasing an additional 37,069 shares during the last quarter. Stifel Financial Corp boosted its stake in VanEck Video Gaming and eSports ETF by 10.9% in the 4th quarter. Stifel Financial Corp now owns 2,104 shares of the company’s stock valued at $218,000 after purchasing an additional 206 shares during the period. HRT Financial LP grew its holdings in VanEck Video Gaming and eSports ETF by 9.2% in the 4th quarter. HRT Financial LP now owns 3,247 shares of the company’s stock valued at $336,000 after buying an additional 273 shares in the last quarter. Intesa Sanpaolo Wealth Management acquired a new position in VanEck Video Gaming and eSports ETF in the 4th quarter valued at $41,000. Finally, Great Valley Advisor Group Inc. increased its position in VanEck Video Gaming and eSports ETF by 7.6% during the 4th quarter. Great Valley Advisor Group Inc. now owns 2,889 shares of the company’s stock worth $299,000 after buying an additional 204 shares during the period.

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.