VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Sees Significant Increase in Short Interest

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 14,300 shares, a growth of 116.7% from the June 30th total of 6,600 shares. Based on an average daily volume of 15,000 shares, the short-interest ratio is currently 1.0 days.

VanEck Video Gaming and eSports ETF Price Performance

NASDAQ:ESPO traded up $0.60 during trading hours on Friday, hitting $67.24. The company had a trading volume of 3,782 shares, compared to its average volume of 16,033. The company has a market capitalization of $245.43 million, a PE ratio of 29.98 and a beta of 0.77. The stock has a 50-day moving average price of $66.97 and a 200 day moving average price of $63.04. VanEck Video Gaming and eSports ETF has a 52 week low of $49.03 and a 52 week high of $70.90.

Hedge Funds Weigh In On VanEck Video Gaming and eSports ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lynx Investment Advisory purchased a new position in shares of VanEck Video Gaming and eSports ETF in the 2nd quarter worth about $104,000. RFG Advisory LLC bought a new stake in shares of VanEck Video Gaming and eSports ETF during the 2nd quarter valued at about $222,000. ORG Partners LLC bought a new position in shares of VanEck Video Gaming and eSports ETF during the 4th quarter valued at approximately $270,000. Assetmark Inc. grew its stake in shares of VanEck Video Gaming and eSports ETF by 107.8% during the 4th quarter. Assetmark Inc. now owns 7,269 shares of the company’s stock valued at $412,000 after acquiring an additional 3,771 shares during the period. Finally, Objectivity Squared LLC bought a new position in shares of VanEck Video Gaming and eSports ETF during the 4th quarter valued at approximately $478,000.

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.