VanEck Gaming ETF (NASDAQ:BJK) Share Price Breaks Below 200 Day Moving Average – Here’s Why

VanEck Gaming ETF (NASDAQ:BJK)’s stock price crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $37.14 and traded as low as $36.9207. VanEck Gaming ETF shares last traded at $36.9207, with a volume of 417 shares trading hands.

VanEck Gaming ETF Stock Performance

The company has a market capitalization of $18.46 million, a P/E ratio of 17.77 and a beta of 0.98. The firm’s fifty day moving average is $38.26 and its 200 day moving average is $37.14.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in VanEck Gaming ETF stock. Ascentis Independent Advisors purchased a new position in VanEck Gaming ETF (NASDAQ:BJK) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 776 shares of the company’s stock, valued at approximately $27,000. Ascentis Independent Advisors owned 0.16% of VanEck Gaming ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

About VanEck Gaming ETF

The VanEck Gaming ETF (BJK) is an exchange-traded fund that is based on the MVIS Global Gaming index, a market-cap-weighted index of global companies that generate at least 50% of revenues from gaming and related activities. BJK was launched on Jan 22, 2008 and is managed by VanEck.