VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Short Interest Down 77.8% in March

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 10,700 shares, a decrease of 77.8% from the February 28th total of 48,100 shares. Based on an average daily volume of 32,200 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the shares of the stock are short sold.

VanEck Video Gaming and eSports ETF Price Performance

VanEck Video Gaming and eSports ETF stock opened at $87.74 on Friday. The stock has a market capitalization of $293.93 million, a PE ratio of 29.09 and a beta of 0.77. The business has a 50 day simple moving average of $89.96 and a 200-day simple moving average of $83.09. VanEck Video Gaming and eSports ETF has a 12 month low of $57.84 and a 12 month high of $97.45.

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 stock. Cetera Investment Advisers grew its position in shares of VanEck Video Gaming and eSports ETF by 2.8% in the fourth quarter. Cetera Investment Advisers now owns 7,613 shares of the company’s stock valued at $635,000 after purchasing an additional 204 shares during the period. FMR LLC lifted its stake in VanEck Video Gaming and eSports ETF by 41.6% in the 3rd quarter. FMR LLC now owns 820 shares of the company’s stock valued at $62,000 after buying an additional 241 shares in the last quarter. Jane Street Group LLC boosted its holdings in VanEck Video Gaming and eSports ETF by 2.5% in the 3rd quarter. Jane Street Group LLC now owns 17,363 shares of the company’s stock worth $1,321,000 after buying an additional 431 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of VanEck Video Gaming and eSports ETF by 14.6% during the fourth quarter. Stifel Financial Corp now owns 3,383 shares of the company’s stock valued at $282,000 after acquiring an additional 431 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of VanEck Video Gaming and eSports ETF by 101.4% in the third quarter. JPMorgan Chase & Co. now owns 1,192 shares of the company’s stock valued at $91,000 after acquiring an additional 600 shares in the last quarter.

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.