VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Short Interest Down 56.3% in December

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 10,653 shares, a decline of 56.3% from the November 30th total of 24,372 shares. Based on an average daily trading volume, of 22,976 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 22,976 shares, the short-interest ratio is currently 0.5 days.

VanEck Video Gaming and eSports ETF Stock Performance

Shares of ESPO traded up $0.38 during mid-day trading on Friday, reaching $104.76. 64,276 shares of the company were exchanged, compared to its average volume of 38,989. The business has a 50 day simple moving average of $110.04 and a two-hundred day simple moving average of $111.79. The stock has a market capitalization of $429.52 million, a PE ratio of 27.36 and a beta of 1.03. VanEck Video Gaming and eSports ETF has a 52 week low of $77.91 and a 52 week high of $122.99.

VanEck Video Gaming and eSports ETF Dividend Announcement

The company also recently declared an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a dividend of $1.289 per share. The ex-dividend date was Monday, December 22nd. This represents a yield of 124.0%.

Hedge Funds Weigh In On VanEck Video Gaming and eSports ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Highline Wealth Partners LLC bought a new stake in shares of VanEck Video Gaming and eSports ETF in the 3rd quarter valued at $27,000. Accordant Advisory Group Inc acquired a new stake in VanEck Video Gaming and eSports ETF in the second quarter worth $33,000. Private Trust Co. NA increased its stake in VanEck Video Gaming and eSports ETF by 1,100.0% in the third quarter. Private Trust Co. NA now owns 504 shares of the company’s stock valued at $61,000 after purchasing an additional 462 shares in the last quarter. AlphaCore Capital LLC raised its holdings in shares of VanEck Video Gaming and eSports ETF by 16.0% during the second quarter. AlphaCore Capital LLC now owns 725 shares of the company’s stock valued at $79,000 after purchasing an additional 100 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of VanEck Video Gaming and eSports ETF by 139.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,664 shares of the company’s stock worth $144,000 after purchasing an additional 969 shares in the last quarter.

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.