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

First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 6 shares, a drop of 40.0% from the June 15th total of 10 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 466 shares, the days-to-cover ratio is presently 0.0 days.

First Trust S-Network Streaming and Gaming ETF Price Performance

Shares of NYSEARCA BNGE remained flat at $31.76 during midday trading on Thursday. The stock had a trading volume of 4,959 shares, compared to its average volume of 1,680. First Trust S-Network Streaming and Gaming ETF has a fifty-two week low of $29.39 and a fifty-two week high of $41.04. The company has a market cap of $4.76 million, a P/E ratio of 26.85 and a beta of 1.12. The business has a fifty day moving average of $30.92 and a two-hundred day moving average of $32.35.

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

A hedge fund recently bought a new stake in First Trust S-Network Streaming and Gaming ETF stock. International Assets Investment Management LLC purchased a new stake in First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 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 at the end of the most recent quarter.

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.