VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) Sees Significant Growth in Short Interest

VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) was the target of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 15,991 shares, a growth of 166.9% from the January 29th total of 5,991 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 41,438 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 41,438 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.5% of the company’s stock are sold short.

VanEck Video Gaming and eSports ETF Price Performance

NASDAQ ESPO opened at $93.78 on Friday. The company has a market capitalization of $295.41 million, a price-to-earnings ratio of 27.36 and a beta of 1.03. The firm’s fifty day moving average price is $100.60 and its 200 day moving average price is $109.47. VanEck Video Gaming and eSports ETF has a 12 month low of $77.91 and a 12 month high of $122.99.

VanEck Video Gaming and eSports ETF Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $1.289 dividend. This represents a dividend yield of 124.0%. The ex-dividend date was Monday, December 22nd.

Institutional Trading of VanEck Video Gaming and eSports ETF

A number of institutional investors have recently modified their holdings of the company. Highline Wealth Partners LLC acquired a new stake in VanEck Video Gaming and eSports ETF during the 3rd quarter worth approximately $27,000. Accordant Advisory Group Inc acquired a new stake in shares of VanEck Video Gaming and eSports ETF in the second quarter worth $33,000. Intesa Sanpaolo Wealth Management acquired a new stake in shares of VanEck Video Gaming and eSports ETF in the fourth quarter worth $41,000. Private Trust Co. NA raised its stake in shares of VanEck Video Gaming and eSports ETF by 1,100.0% in the 3rd quarter. Private Trust Co. NA now owns 504 shares of the company’s stock valued at $61,000 after acquiring an additional 462 shares during the period. Finally, AlphaCore Capital LLC lifted its holdings in shares of VanEck Video Gaming and eSports ETF by 16.0% during the 2nd quarter. AlphaCore Capital LLC now owns 725 shares of the company’s stock valued at $79,000 after acquiring an additional 100 shares in the last quarter.

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.