VanEck Gaming ETF (NASDAQ:BJK) Shares Up 0% – Still a Buy?

Shares of VanEck Gaming ETF (NASDAQ:BJK) shot up 0% during trading on Tuesday . The stock traded as high as $42.10 and last traded at $42.01. 1,944 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 2,639 shares. The stock had previously closed at $41.99.

VanEck Gaming ETF Stock Performance

The firm’s fifty day simple moving average is $41.60 and its 200 day simple moving average is $43.27. The firm has a market cap of $23.95 million, a P/E ratio of 17.77 and a beta of 1.11.

Hedge Funds Weigh In On VanEck Gaming ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BJK. Flow Traders U.S. LLC bought a new stake in VanEck Gaming ETF in the 3rd quarter worth approximately $979,000. Jane Street Group LLC grew its holdings in shares of VanEck Gaming ETF by 14.9% in the second quarter. Jane Street Group LLC now owns 19,932 shares of the company’s stock valued at $846,000 after purchasing an additional 2,584 shares in the last quarter. Lion Street Advisors LLC bought a new stake in VanEck Gaming ETF in the third quarter worth $683,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in VanEck Gaming ETF during the second quarter valued at $93,000. Finally, Raymond James Financial Inc. bought a new position in VanEck Gaming ETF during the second quarter valued at $46,000.

VanEck Gaming ETF Company Profile

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.