First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) Short Interest Down 89.7% in August

First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 6 shares, a drop of 89.7% from the August 15th total of 58 shares. Based on an average daily volume of 87 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

First Trust S-Network Streaming and Gaming ETF Stock Up 1.4%

Shares of BNGE stock traded up $0.44 during trading hours on Friday, hitting $32.25. 2,298 shares of the company’s stock traded hands, compared to its average volume of 1,366. The stock’s fifty day simple moving average is $32.02 and its two-hundred day simple moving average is $31.40. 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 stock has a market cap of $4.84 million, a price-to-earnings ratio of 26.85 and a beta of 1.11.

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

An institutional investor recently raised its stake in First Trust S-Network Streaming and Gaming ETF stock. Citadel Advisors LLC grew its position in First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) by 51.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 35,422 shares of the company’s stock after buying an additional 12,038 shares during the period. Citadel Advisors LLC owned approximately 23.61% of First Trust S-Network Streaming and Gaming ETF worth $1,087,000 as of its most recent SEC filing.

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.