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 decrease in short interest during the month of August. As of August 14th, there was short interest totaling 5,298 shares, a decrease of 70.5% from the July 30th total of 17,956 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 21,346 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On VanEck Video Gaming and eSports ETF

Several hedge funds and other institutional investors have recently modified their holdings of ESPO. Bank of America Corp DE lifted its position in VanEck Video Gaming and eSports ETF by 1.0% in the 2nd quarter. Bank of America Corp DE now owns 91,261 shares of the company’s stock valued at $9,997,000 after purchasing an additional 920 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of VanEck Video Gaming and eSports ETF by 91.0% during the fourth 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 last quarter. Jane Street Group LLC acquired a new position in shares of VanEck Video Gaming and eSports ETF during the fourth quarter worth approximately $5,974,000. Ameriprise Financial Inc. grew its holdings in VanEck Video Gaming and eSports ETF by 210.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 27,920 shares of the company’s stock worth $3,058,000 after buying an additional 18,925 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in VanEck Video Gaming and eSports ETF by 1.0% in the 4th quarter. Wells Fargo & Company MN now owns 18,411 shares of the company’s stock valued at $1,907,000 after acquiring an additional 183 shares during the period.

VanEck Video Gaming and eSports ETF Price Performance

Shares of NASDAQ ESPO traded down $0.84 during mid-day trading on Thursday, hitting $96.37. The company had a trading volume of 8,286 shares, compared to its average volume of 24,145. VanEck Video Gaming and eSports ETF has a 12 month low of $84.93 and a 12 month high of $122.99. The stock has a market cap of $250.56 million, a price-to-earnings ratio of 27.36 and a beta of 0.98. The firm’s 50 day simple moving average is $93.30 and its two-hundred day simple moving average is $91.91.

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.