VanEck Gaming ETF (NASDAQ:BJK) Sees Large Decline in Short Interest

VanEck Gaming ETF (NASDAQ:BJK) was the recipient of a significant drop in short interest in November. As of November 30th, there was short interest totalling 15,300 shares, a drop of 21.1% from the November 15th total of 19,400 shares. Based on an average trading volume of 3,200 shares, the days-to-cover ratio is currently 4.8 days.

Hedge Funds Weigh In On VanEck Gaming ETF

A number of institutional investors have recently made changes to their positions in the business. ORG Partners LLC acquired a new position in VanEck Gaming ETF in the 2nd quarter valued at approximately $31,000. Harbour Investments Inc. bought a new position in VanEck Gaming ETF in the third quarter worth $288,000. Finally, Flow Traders U.S. LLC bought a new stake in VanEck Gaming ETF in the 3rd quarter valued at $567,000.

VanEck Gaming ETF Price Performance

Shares of BJK stock traded down $0.30 during trading on Friday, reaching $44.08. The company had a trading volume of 1,001 shares, compared to its average volume of 3,468. The firm’s 50 day simple moving average is $43.99 and its two-hundred day simple moving average is $41.94. VanEck Gaming ETF has a one year low of $37.24 and a one year high of $45.53. The company has a market capitalization of $35.26 million, a PE ratio of 19.97 and a beta of 1.30.

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.