VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Stock Short Interest Jumps 915.6%

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 54,629 shares, a growth of 915.6% from the September 15th total of 5,379 shares. Based on an average trading volume of 10,327 shares, the short-interest ratio is currently 5.3 days. Approximately 2.1% of the shares of the company are sold short.

Hedge Funds Weigh In On VanEck Video Gaming and eSports ETF

Several institutional investors and hedge funds have recently bought and sold shares of ESPO. Integrated Wealth Concepts LLC purchased a new stake in VanEck Video Gaming and eSports ETF in the second quarter worth about $143,000. Royal Bank of Canada raised its stake in shares of VanEck Video Gaming and eSports ETF by 17.6% in the first quarter. Royal Bank of Canada now owns 15,647 shares of the company’s stock worth $1,416,000 after buying an additional 2,341 shares during the period. Finally, Kestra Advisory Services LLC lifted its position in shares of VanEck Video Gaming and eSports ETF by 2.2% during the 1st quarter. Kestra Advisory Services LLC now owns 5,986 shares of the company’s stock valued at $542,000 after buying an additional 129 shares in the last quarter.

VanEck Video Gaming and eSports ETF Price Performance

Shares of VanEck Video Gaming and eSports ETF stock opened at $100.11 on Friday. VanEck Video Gaming and eSports ETF has a 1-year low of $84.93 and a 1-year high of $118.27. The company’s fifty day simple moving average is $97.43 and its 200-day simple moving average is $92.90. The stock has a market capitalization of $255.28 million, a PE ratio of 27.36 and a beta of 0.98.

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.