VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Short Interest Down 57.5% in March

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 7,700 shares, a drop of 57.5% from the February 29th total of 18,100 shares. Based on an average daily trading volume, of 18,200 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On VanEck Video Gaming and eSports ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in shares of VanEck Video Gaming and eSports ETF by 31.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,312 shares of the company’s stock worth $76,000 after purchasing an additional 312 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in VanEck Video Gaming and eSports ETF by 360.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,341 shares of the company’s stock valued at $54,000 after buying an additional 1,050 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in VanEck Video Gaming and eSports ETF in the 1st quarter valued at approximately $77,000. Assetmark Inc. purchased a new position in VanEck Video Gaming and eSports ETF in the 3rd quarter valued at approximately $180,000. Finally, Atria Wealth Solutions Inc. purchased a new position in VanEck Video Gaming and eSports ETF in the 1st quarter valued at approximately $225,000.

VanEck Video Gaming and eSports ETF Stock Performance

NASDAQ:ESPO traded down $0.19 on Thursday, hitting $62.52. The stock had a trading volume of 9,390 shares, compared to its average volume of 18,410. The stock has a market cap of $275.09 million, a P/E ratio of 22.96 and a beta of 0.77. VanEck Video Gaming and eSports ETF has a 1 year low of $49.03 and a 1 year high of $65.22. The firm’s fifty day simple moving average is $60.80 and its two-hundred day simple moving average is $56.21.

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.