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

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

VanEck Video Gaming and eSports ETF Stock Down 0.7 %

NASDAQ ESPO opened at $87.74 on Friday. The firm has a market cap of $293.93 million, a price-to-earnings ratio of 29.09 and a beta of 0.77. The business has a 50-day moving average price of $89.96 and a 200-day moving average price of $83.09. VanEck Video Gaming and eSports ETF has a twelve month low of $57.84 and a twelve month high of $97.45.

Institutional Investors Weigh In On VanEck Video Gaming and eSports ETF

Several large investors have recently made changes to their positions in ESPO. Park Square Financial Group LLC bought a new position in shares of VanEck Video Gaming and eSports ETF during the 4th quarter valued at approximately $58,000. FMR LLC raised its stake in VanEck Video Gaming and eSports ETF by 41.6% during the third quarter. FMR LLC now owns 820 shares of the company’s stock valued at $62,000 after purchasing an additional 241 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in VanEck Video Gaming and eSports ETF by 299.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 827 shares of the company’s stock valued at $69,000 after purchasing an additional 620 shares during the last quarter. Stephens Consulting LLC grew its stake in shares of VanEck Video Gaming and eSports ETF by 237.9% in the 4th 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. Finally, JPMorgan Chase & Co. increased its holdings 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 worth $91,000 after buying an additional 600 shares during the last quarter.

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.