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

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

Institutional Investors Weigh In On First Trust S-Network Streaming and Gaming ETF

An institutional investor recently bought a new position in First Trust S-Network Streaming and Gaming ETF stock. International Assets Investment Management LLC acquired a new stake in shares of First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 935 shares of the company’s stock, valued at approximately $35,000. International Assets Investment Management LLC owned 0.47% 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 0.7%

First Trust S-Network Streaming and Gaming ETF stock traded down $0.24 during midday trading on Wednesday, reaching $32.27. The company’s stock had a trading volume of 2,071 shares, compared to its average volume of 1,515. First Trust S-Network Streaming and Gaming ETF has a 52 week low of $29.39 and a 52 week high of $41.04. The stock has a market cap of $4.84 million, a PE ratio of 26.85 and a beta of 1.11. The business has a 50-day moving average price of $31.21 and a 200-day moving average price of $31.57.

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.