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

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

First Trust S-Network Streaming and Gaming ETF Trading Up 0.5%

NYSEARCA:BNGE traded up $0.17 during mid-day trading on Friday, hitting $32.97. The company had a trading volume of 58 shares, compared to its average volume of 1,381. First Trust S-Network Streaming and Gaming ETF has a 1 year low of $29.39 and a 1 year high of $38.41. The business has a fifty day simple moving average of $31.76 and a 200-day simple moving average of $31.65. The firm has a market capitalization of $4.94 million, a price-to-earnings ratio of 19.10 and a beta of 1.12.

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

An institutional investor recently bought a new stake in First Trust S-Network Streaming and Gaming ETF stock. Benjamin Edwards Inc. acquired a new position in shares of First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 41,783 shares of the company’s stock, valued at approximately $1,280,000. Benjamin Edwards Inc. owned about 27.86% of First Trust S-Network Streaming and Gaming ETF at the end of the most recent reporting period.

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.