First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) Sees Large Drop in Short Interest

First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 48 shares, a decrease of 99.1% from the July 15th total of 5,318 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 403 shares, the short-interest ratio is currently 0.1 days.

First Trust S-Network Streaming and Gaming ETF Stock Performance

Shares of BNGE traded down $0.12 during trading hours on Tuesday, hitting $32.51. The stock had a trading volume of 241 shares, compared to its average volume of 1,512. First Trust S-Network Streaming and Gaming ETF has a 12-month low of $29.39 and a 12-month high of $41.04. The firm has a market cap of $4.88 million, a P/E ratio of 26.85 and a beta of 1.11. The company’s fifty day simple moving average is $31.21 and its 200 day simple moving average is $31.57.

Hedge Funds Weigh In On First Trust S-Network Streaming and Gaming ETF

A hedge fund recently bought a new stake in First Trust S-Network Streaming and Gaming ETF stock. International Assets Investment Management LLC acquired a new stake in First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 935 shares of the company’s stock, valued at approximately $35,000. International Assets Investment Management LLC owned approximately 0.47% of First Trust S-Network Streaming and Gaming ETF at the end of the most recent reporting period.

First Trust S-Network Streaming and Gaming ETF Company Profile

The First Trust S-Network Streaming & Gaming ETF (BNGE) is an exchange-traded fund that is based on the S-Network Streaming & Gaming index. The fund tracks a market cap-weighted index of companies around the globe that are actively involved in content streaming, eSports, and iGaming. BNGE was launched on Jan 25, 2022 and is managed by First Trust.