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

First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) was the target of a significant decline in short interest in October. As of October 30th, there was short interest totaling 437 shares, a decline of 86.7% from the October 15th total of 3,296 shares. Based on an average daily volume of 294 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Trading of First Trust S-Network Streaming and Gaming ETF

A hedge fund recently bought a new position in First Trust S-Network Streaming and Gaming ETF stock. Benjamin Edwards Inc. purchased a new position in First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 41,783 shares of the company’s stock, valued at approximately $1,280,000. Benjamin Edwards Inc. owned 27.86% of First Trust S-Network Streaming and Gaming ETF at the end of the most recent quarter.

First Trust S-Network Streaming and Gaming ETF Trading Down 1.0%

BNGE stock traded down $0.32 during trading on Thursday, hitting $32.81. The company had a trading volume of 15 shares, compared to its average volume of 1,387. The business has a 50 day moving average of $31.75 and a 200 day moving average of $31.67. The firm has a market capitalization of $4.92 million, a price-to-earnings ratio of 19.10 and a beta of 1.12. First Trust S-Network Streaming and Gaming ETF has a fifty-two week low of $29.39 and a fifty-two week high of $39.16.

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.