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

First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 5,318 shares, a growth of 88,533.3% from the June 30th total of 6 shares. Currently, 3.5% of the company’s shares are sold short. Based on an average daily trading volume, of 2,310 shares, the days-to-cover ratio is currently 2.3 days.

First Trust S-Network Streaming and Gaming ETF Trading Up 0.7%

Shares of First Trust S-Network Streaming and Gaming ETF stock opened at $30.40 on Friday. First Trust S-Network Streaming and Gaming ETF has a twelve month low of $29.39 and a twelve month high of $41.04. The stock has a market capitalization of $4.56 million, a P/E ratio of 26.85 and a beta of 1.12. The business’s fifty day moving average price is $30.96 and its 200 day moving average price is $32.06.

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

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.