Short Interest in VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Declines By 21.8%

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) was the recipient of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 9,700 shares, a decrease of 21.8% from the October 31st total of 12,400 shares. Based on an average daily volume of 17,300 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of VanEck Video Gaming and eSports ETF

A number of institutional investors have recently modified their holdings of the company. Strategic Financial Concepts LLC bought a new position in shares of VanEck Video Gaming and eSports ETF during the 2nd quarter worth approximately $894,000. RFG Advisory LLC purchased a new stake in shares of VanEck Video Gaming and eSports ETF during the 2nd quarter valued at $222,000. Main Management ETF Advisors LLC boosted its position in shares of VanEck Video Gaming and eSports ETF by 0.8% in the 2nd quarter. Main Management ETF Advisors LLC now owns 225,620 shares of the company’s stock worth $15,096,000 after purchasing an additional 1,740 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of VanEck Video Gaming and eSports ETF in the 2nd quarter worth $478,000. Finally, PNC Financial Services Group Inc. grew its stake in VanEck Video Gaming and eSports ETF by 78,130.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 117,346 shares of the company’s stock worth $8,928,000 after buying an additional 117,196 shares during the last quarter.

VanEck Video Gaming and eSports ETF Price Performance

Shares of ESPO stock opened at $84.74 on Monday. The stock’s 50-day moving average is $77.12 and its 200 day moving average is $71.08. VanEck Video Gaming and eSports ETF has a 1-year low of $54.14 and a 1-year high of $84.91. The company has a market cap of $292.35 million, a P/E ratio of 29.98 and a beta of 0.77.

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.