VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Trading Down 0.3% – Should You Sell?

Shares of VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) dropped 0.3% during mid-day trading on Thursday . The stock traded as low as $91.67 and last traded at $91.67. 3,364 shares traded hands during trading, a decline of 87% from the average daily volume of 25,687 shares. The stock had previously closed at $91.98.

VanEck Video Gaming and eSports ETF Trading Down 0.7%

The stock has a 50-day simple moving average of $89.64 and a 200-day simple moving average of $93.52. The company has a market capitalization of $241.18 million, a price-to-earnings ratio of 27.36 and a beta of 0.98.

Institutional Trading of VanEck Video Gaming and eSports ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its stake in VanEck Video Gaming and eSports ETF by 17.6% during the 1st quarter. Royal Bank of Canada now owns 15,647 shares of the company’s stock valued at $1,416,000 after acquiring an additional 2,341 shares during the last quarter. Kestra Advisory Services LLC raised its stake in shares of VanEck Video Gaming and eSports ETF by 2.2% in the 1st quarter. Kestra Advisory Services LLC now owns 5,986 shares of the company’s stock valued at $542,000 after purchasing an additional 129 shares in the last quarter. OLD Mission Capital LLC bought a new position in shares of VanEck Video Gaming and eSports ETF during the fourth quarter worth about $1,454,000. Cetera Investment Advisers lifted its position in shares of VanEck Video Gaming and eSports ETF by 3.6% during the fourth quarter. Cetera Investment Advisers now owns 9,594 shares of the company’s stock worth $994,000 after purchasing an additional 333 shares during the last quarter. Finally, Barclays PLC acquired a new position in VanEck Video Gaming and eSports ETF in the fourth quarter worth about $175,000.

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.