First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) Shares Shorted: Short Interest Up 74,566.7% in September

First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 4,480 shares, an increase of 74,566.7% from the September 15th total of 6 shares. Based on an average daily volume of 2,395 shares, the short-interest ratio is presently 1.9 days. Currently, 3.0% of the company’s shares are short sold.

First Trust S-Network Streaming and Gaming ETF Stock Up 1.8%

NYSEARCA:BNGE traded up $0.56 on Friday, hitting $31.71. The stock had a trading volume of 149 shares, compared to its average volume of 1,404. The company has a fifty day moving average price of $32.02 and a two-hundred day moving average price of $31.34. First Trust S-Network Streaming and Gaming ETF has a 1-year low of $29.39 and a 1-year high of $40.09. The stock has a market cap of $4.76 million, a price-to-earnings ratio of 26.85 and a beta of 1.12.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust S-Network Streaming and Gaming ETF stock. Citadel Advisors LLC boosted its holdings in shares of First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) by 51.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,422 shares of the company’s stock after acquiring an additional 12,038 shares during the quarter. Citadel Advisors LLC owned about 23.61% of First Trust S-Network Streaming and Gaming ETF worth $1,087,000 at the end of the most recent quarter.

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.