VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Short Interest Up 168.6% in April

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 9,400 shares, an increase of 168.6% from the March 31st total of 3,500 shares. Based on an average daily trading volume, of 17,100 shares, the days-to-cover ratio is currently 0.5 days.

VanEck Video Gaming and eSports ETF Stock Performance

Shares of VanEck Video Gaming and eSports ETF stock opened at $60.64 on Friday. VanEck Video Gaming and eSports ETF has a one year low of $49.03 and a one year high of $65.22. The company has a market cap of $245.59 million, a PE ratio of 27.55 and a beta of 0.77. The business has a 50-day simple moving average of $61.57 and a 200-day simple moving average of $57.57.

Hedge Funds Weigh In On VanEck Video Gaming and eSports ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assetmark Inc. acquired a new position in VanEck Video Gaming and eSports ETF in the third quarter valued at approximately $180,000. Florin Court Capital LLP boosted its holdings in VanEck Video Gaming and eSports ETF by 85.2% in the fourth quarter. Florin Court Capital LLP now owns 29,319 shares of the company’s stock valued at $1,663,000 after purchasing an additional 13,486 shares in the last quarter. Raymond James & Associates boosted its holdings in VanEck Video Gaming and eSports ETF by 3.3% in the third quarter. Raymond James & Associates now owns 16,458 shares of the company’s stock valued at $849,000 after purchasing an additional 527 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in VanEck Video Gaming and eSports ETF by 15.9% in the third quarter. Kestra Advisory Services LLC now owns 5,847 shares of the company’s stock valued at $301,000 after purchasing an additional 802 shares in the last quarter. Finally, ORG Partners LLC acquired a new position in VanEck Video Gaming and eSports ETF in the fourth quarter valued at approximately $270,000.

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.