Investment adviser Roundhill Investments which manages 3 exchange-traded funds (ETFs) among which NYSE-traded BETZ, added 4 new stocks to the holdings of the gaining popularity sports betting and iGaming ETF.
The Roundhill Sports Betting & iGaming ETF (BETZ ETF) managed by the New York-based investment company and rebalanced on a quarterly basis, bolstered its portfolio with the addition of casino operator Bally’s, special purpose acquisition company (SPAC) dMY Technology II, Toronto-traded Bragg Gaming Group and French gaming company Française des Jeux (FDJ).
The ETF, which launched in June 2020 and reached the $100 million mark within the next 3 months of operation, currently has assets under management (AUM) for more than $300 million in a portfolio of securities from 40 different companies from the iGaming, sports betting and gaming technology sectors.
Designed to offer investors exposure to the gaining speed sports betting and online gaming industries, BETZ registered a 68.28% increase in net asset value (NAV) and an annualized market price of just under that, and managed to almost double its trading price from the initial $15.41 on June 4, 2020, to $29.2 on January 13, 2021.
Rhode Island-based casino operator Bally’s Corporation, which recently started diversifying across sports betting and online gaming having acquired sports betting solutions provider Bet.Works in a deal worth $125 million, was added to the holdings of the ETF.
Bally’s 1.75% holding joined a prominent company featuring industry leading names such as DraftKings, Flutter Entertainment, PointsBet, Penn National Gaming (PNG), Rush Street Interactive (RSI), Kindred Group, William Hill, and Entain.
The addition of dMY Technology II, the SPAC which allowed Genius Sports Group to go public on the New York Stock Exchange (NYSE) after a $1.5 billion merger deal announced in October and is just about to launch an initial public offering (IPO) worth £1.1 billion, made the blank check company the first to feature in the BETZ portfolio with its 2.22% of the total weight of the fund.
Lottery and Gaming Operator FDJ
The manager of the Roundhill Sports Betting & iGaming ETF also added French online gaming and lottery operator Française des Jeux (FDJ), allocating it 1.93% of the total weight of the fund.
Technology Supplier Bragg Gaming Group
Toronto-traded B2B online gaming technology supplier Bragg Gaming Group, which offers turnkey solution for retail, online and mobile iGaming, an advanced casino content aggregator, sportsbook, lottery, marketing and operational services, was introduced to the ETF, giving it 1.38% weight in the portfolio.
The sports betting and iGaming ETF closed at $28.77 yesterday and traded at one moment this morning at $29.47, up nearly 2.5% since the previous daily close.