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

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 41,300 shares, an increase of 104.5% from the January 15th total of 20,200 shares. Based on an average daily volume of 24,100 shares, the days-to-cover ratio is presently 1.7 days.

VanEck Video Gaming and eSports ETF Stock Performance

Shares of ESPO opened at $95.24 on Friday. The stock has a market cap of $319.05 million, a PE ratio of 29.98 and a beta of 0.77. VanEck Video Gaming and eSports ETF has a fifty-two week low of $57.84 and a fifty-two week high of $95.47. The firm’s 50-day simple moving average is $85.92 and its two-hundred day simple moving average is $78.31.

VanEck Video Gaming and eSports ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 24th. Shareholders of record on Monday, December 23rd were issued a $0.365 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On VanEck Video Gaming and eSports ETF

A number of institutional investors have recently made changes to their positions in the company. Stifel Financial Corp grew 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 buying an additional 431 shares during the last quarter. Family Office Research LLC purchased a new stake in shares of VanEck Video Gaming and eSports ETF during the fourth quarter valued at approximately $286,000. Raymond James Financial Inc. purchased a new stake in shares of VanEck Video Gaming and eSports ETF during the fourth quarter valued at approximately $1,402,000. Advisory Services Network LLC purchased a new stake in shares of VanEck Video Gaming and eSports ETF during the fourth quarter valued at approximately $335,000. Finally, LPL Financial LLC grew its holdings in shares of VanEck Video Gaming and eSports ETF by 6.6% during the fourth quarter. LPL Financial LLC now owns 80,999 shares of the company’s stock valued at $6,754,000 after buying an additional 4,994 shares during 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.