VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Stock Short Interest Drops 87.6%

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 6,794 shares, a drop of 87.6% from the September 30th total of 54,629 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 13,303 shares, the short-interest ratio is currently 0.5 days.

VanEck Video Gaming and eSports ETF Trading Down 0.8%

Shares of ESPO traded down $0.76 during midday trading on Tuesday, reaching $98.55. The stock had a trading volume of 12,088 shares, compared to its average volume of 22,033. The company has a market capitalization of $251.30 million, a price-to-earnings ratio of 27.36 and a beta of 0.98. VanEck Video Gaming and eSports ETF has a 12-month low of $84.93 and a 12-month high of $116.34. The company’s 50-day moving average is $98.13 and its 200 day moving average is $94.46.

Institutional Trading of VanEck Video Gaming and eSports ETF

Several large investors have recently modified their holdings of the business. Vontobel Holding Ltd. bought a new position in VanEck Video Gaming and eSports ETF in the 3rd quarter worth $581,000. Royal Bank of Canada raised its stake in VanEck Video Gaming and eSports ETF by 17.6% in the first quarter. Royal Bank of Canada now owns 15,647 shares of the company’s stock worth $1,416,000 after buying an additional 2,341 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in VanEck Video Gaming and eSports ETF in the second quarter worth about $143,000. Signaturefd LLC purchased a new stake in VanEck Video Gaming and eSports ETF in the third quarter worth about $64,000. Finally, Kestra Advisory Services LLC boosted its position in VanEck Video Gaming and eSports ETF by 2.2% during the 1st quarter. Kestra Advisory Services LLC now owns 5,986 shares of the company’s stock valued at $542,000 after acquiring an additional 129 shares in 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.