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

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 12,875 shares, a decline of 19.5% from the February 12th total of 15,991 shares. Based on an average trading volume of 21,632 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the company’s stock are short sold. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 21,632 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On VanEck Video Gaming and eSports ETF

Several hedge funds have recently added to or reduced their stakes in ESPO. Horizon Wealth Management LLC purchased a new stake in shares of VanEck Video Gaming and eSports ETF in the third quarter worth $17,599,000. Assetmark Inc. boosted its stake in VanEck Video Gaming and eSports ETF by 190.5% in the 3rd quarter. Assetmark Inc. now owns 103,358 shares of the company’s stock worth $12,530,000 after purchasing an additional 67,775 shares in the last quarter. Jane Street Group LLC bought a new position in VanEck Video Gaming and eSports ETF in the 4th quarter worth about $5,974,000. Van ECK Associates Corp grew its position in VanEck Video Gaming and eSports ETF by 91.0% during the 4th quarter. Van ECK Associates Corp now owns 78,660 shares of the company’s stock valued at $8,149,000 after purchasing an additional 37,466 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in VanEck Video Gaming and eSports ETF by 210.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 27,920 shares of the company’s stock valued at $3,058,000 after purchasing an additional 18,925 shares during the last quarter.

VanEck Video Gaming and eSports ETF Stock Up 0.3%

Shares of NASDAQ ESPO traded up $0.23 on Friday, reaching $92.04. 6,359 shares of the company’s stock traded hands, compared to its average volume of 41,836. The business’s 50 day simple moving average is $98.14 and its two-hundred day simple moving average is $107.90. VanEck Video Gaming and eSports ETF has a 12 month low of $77.91 and a 12 month high of $122.99. The company has a market cap of $289.93 million, a price-to-earnings ratio of 27.36 and a beta of 1.03.

VanEck Video Gaming and eSports ETF Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $1.289 per share. This represents a yield of 124.0%. The ex-dividend date of this dividend was Monday, December 22nd.

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.