ESPO Stock Summary and Trading Ideas (Vaneck Video Gaming And Esports ETF | ARCA:ESPO)

VanEck Video Gaming and eSports ETF (ESPO) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Video Gaming and eSports Index (MVESPOTR), which is intended to track the overall performance of companies involved in video game development, eSports, and related hardware and software. The MVIS Global Video Gaming & eSports Index is a global index that tracks the performance of the global video gaming and eSports segment. The index includes companies with at least 50% (25% for current components) of their revenues from video gaming and/or eSports. These companies may include those that develop video games and related software/hardware, streaming services and are involved in eSports events. The MVIS Global Video Gaming & eSports Index (MVESPO) covers at least 90% of the investable universe. Most demanding size and liquidity screenings are applied to potential index components to ensure investability.

Vaneck Video Gaming And Esports ETF trades on the ARCA stock market under the symbol ESPO.

As of May 9, 2024, ESPO stock price climbed to $63.07 with 4,692 million shares trading.

ESPO has a market cap of $252.28 million. This is considered a Small Cap stock.

In the last 3 years, ESPO stock traded as high as $76.98 and as low as $37.93.

ESPO stock has underperformed the market in the last year with a return of +23.7%, while SPY returned +27.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ESPO shares. However, ESPO has outperformed the market in the last 3 month and 2 week periods, returning +5.1% and +4.9%, while SPY returned +4.7% and +2.9%, respectively. This indicates ESPO has been having a stronger performance recently.

ESPO support price is $61.59 and resistance is $63.37 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ESPO stock will trade within this expected range on the day.