VanEck Gaming ETF (NASDAQ:BJK) Shares Down 0.9% – Here’s Why

Shares of VanEck Gaming ETF (NASDAQ:BJK) dropped 0.9% on Wednesday . The company traded as low as $39.29 and last traded at $39.37. Approximately 3,864 shares changed hands during trading, an increase of 13% from the average daily volume of 3,428 shares. The stock had previously closed at $39.73.

VanEck Gaming ETF Stock Down 0.9 %

The firm’s 50 day simple moving average is $40.73 and its 200-day simple moving average is $42.21. The company has a market capitalization of $27.56 million, a PE ratio of 16.39 and a beta of 1.30.

Hedge Funds Weigh In On VanEck Gaming ETF

An institutional investor recently bought a new position in VanEck Gaming ETF stock. Flow Traders U.S. LLC acquired a new position in shares of VanEck Gaming ETF (NASDAQ:BJK) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,740 shares of the company’s stock, valued at approximately $567,000. Flow Traders U.S. LLC owned approximately 1.59% of VanEck Gaming ETF at the end of the most recent reporting period.

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.