VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Sees Significant Growth in Short Interest

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 53,903 shares, a growth of 960.9% from the December 31st total of 5,081 shares. Based on an average daily volume of 58,148 shares, the short-interest ratio is presently 0.9 days. Currently, 1.7% of the company’s stock are sold short. Currently, 1.7% of the company’s stock are sold short. Based on an average daily volume of 58,148 shares, the short-interest ratio is presently 0.9 days.

VanEck Video Gaming and eSports ETF Stock Performance

NASDAQ:ESPO traded down $0.01 on Wednesday, hitting $106.33. The stock had a trading volume of 15,375 shares, compared to its average volume of 48,047. VanEck Video Gaming and eSports ETF has a 1 year low of $77.91 and a 1 year high of $122.99. The firm’s fifty day simple moving average is $106.27 and its two-hundred day simple moving average is $111.58. The stock has a market cap of $340.26 million, a P/E ratio of 27.36 and a beta of 1.03.

VanEck Video Gaming and eSports ETF Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ESPO. AlphaCore Capital LLC increased its stake in shares of VanEck Video Gaming and eSports ETF by 16.0% in the 2nd quarter. AlphaCore Capital LLC now owns 725 shares of the company’s stock worth $79,000 after acquiring an additional 100 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in VanEck Video Gaming and eSports ETF by 4.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,501 shares of the company’s stock worth $419,000 after purchasing an additional 153 shares during the period. Janney Montgomery Scott LLC lifted its holdings in VanEck Video Gaming and eSports ETF by 2.1% during the second quarter. Janney Montgomery Scott LLC now owns 9,855 shares of the company’s stock valued at $1,080,000 after purchasing an additional 205 shares in the last quarter. Highline Wealth Partners LLC bought a new stake in VanEck Video Gaming and eSports ETF in the third quarter worth $27,000. Finally, Accordant Advisory Group Inc purchased a new position in shares of VanEck Video Gaming and eSports ETF during the 2nd quarter worth about $33,000.

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.