VanEck Gaming ETF (NASDAQ:BJK) Stock Price Down 1.6% – Here’s Why

VanEck Gaming ETF (NASDAQ:BJK) shares traded down 1.6% during mid-day trading on Thursday . The company traded as low as $37.74 and last traded at $37.96. 10,469 shares traded hands during mid-day trading, an increase of 317% from the average session volume of 2,509 shares. The stock had previously closed at $38.59.

VanEck Gaming ETF Trading Down 1.6%

The business’s 50-day simple moving average is $40.76 and its 200 day simple moving average is $42.91. The company has a market capitalization of $20.88 million, a P/E ratio of 17.77 and a beta of 1.11.

VanEck Gaming ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a $1.3636 dividend. This represents a yield of 332.0%. The ex-dividend date was Monday, December 22nd.

Hedge Funds Weigh In On VanEck Gaming ETF

Hedge funds have recently modified their holdings of the company. Jane Street Group LLC lifted its holdings in shares of VanEck Gaming ETF by 26.4% in the first quarter. Jane Street Group LLC now owns 17,348 shares of the company’s stock valued at $649,000 after buying an additional 3,627 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in VanEck Gaming ETF during the second quarter worth about $93,000. Raymond James Financial Inc. bought a new stake in VanEck Gaming ETF in the second quarter worth about $46,000. Lion Street Advisors LLC acquired a new stake in VanEck Gaming ETF in the 3rd quarter valued at about $683,000. Finally, Flow Traders U.S. LLC acquired a new stake in VanEck Gaming ETF in the 3rd quarter valued at about $979,000.

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.