First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE – Get Free Report) 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 trading volume, of 87 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in First Trust S-Network Streaming and Gaming ETF stock. International Assets Investment Management LLC bought a new stake in First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 Stock Performance
Shares of NYSEARCA:BNGE traded up $0.45 during mid-day trading on Friday, hitting $32.26. 2,303 shares of the company traded hands, compared to its average volume of 1,368. The firm’s 50 day simple moving average is $32.04 and its 200 day simple moving average is $31.41. The firm has a market cap of $4.84 million, a P/E ratio of 26.85 and a beta of 1.11. First Trust S-Network Streaming and Gaming ETF has a 52-week low of $29.39 and a 52-week high of $41.04.
About First Trust S-Network Streaming and Gaming ETF
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.
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