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

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

Institutional Trading of 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. International Assets Investment Management LLC bought a new position in First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 935 shares of the company’s stock, valued at approximately $35,000. International Assets Investment Management LLC owned about 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 Price Performance

Shares of BNGE opened at $30.40 on Friday. The company has a market capitalization of $4.56 million, a P/E ratio of 26.85 and a beta of 1.12. First Trust S-Network Streaming and Gaming ETF has a one year low of $29.39 and a one year high of $41.04. The business’s 50 day simple moving average is $30.96 and its 200-day simple moving average is $32.06.

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.