VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Short Interest Down 70.5% in August

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 5,298 shares, a drop of 70.5% from the July 30th total of 17,956 shares. Based on an average daily trading volume, of 21,346 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

VanEck Video Gaming and eSports ETF Stock Down 0.9%

Shares of ESPO stock traded down $0.84 during trading hours on Thursday, reaching $96.37. 8,286 shares of the stock traded hands, compared to its average volume of 24,145. VanEck Video Gaming and eSports ETF has a 1-year low of $84.93 and a 1-year high of $122.99. The business has a fifty day moving average price of $93.30 and a 200 day moving average price of $91.91. The firm has a market capitalization of $250.56 million, a PE ratio of 27.36 and a beta of 0.98.

Institutional Trading of VanEck Video Gaming and eSports ETF

Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in VanEck Video Gaming and eSports ETF during the fourth quarter valued at approximately $5,974,000. Van ECK Associates Corp boosted its stake in shares of VanEck Video Gaming and eSports ETF by 91.0% during the 4th quarter. Van ECK Associates Corp now owns 78,660 shares of the company’s stock valued at $8,149,000 after buying an additional 37,466 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of VanEck Video Gaming and eSports ETF by 210.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 27,920 shares of the company’s stock valued at $3,058,000 after buying an additional 18,925 shares during the period. OLD Mission Capital LLC purchased a new position in shares of VanEck Video Gaming and eSports ETF during the 4th quarter valued at $1,454,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of VanEck Video Gaming and eSports ETF in the third quarter worth $1,045,000.

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.