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

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

Institutional Trading of 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 stake in First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) in the fourth quarter, according to its most recent disclosure 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 about 0.47% of First Trust S-Network Streaming and Gaming ETF as of its most recent filing with the Securities & Exchange Commission.

First Trust S-Network Streaming and Gaming ETF Stock Performance

First Trust S-Network Streaming and Gaming ETF stock remained flat at $31.76 during trading on Thursday. 4,959 shares of the company were exchanged, compared to its average volume of 1,680. 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 stock has a market capitalization of $4.76 million, a PE ratio of 26.85 and a beta of 1.12. The firm has a 50-day moving average of $30.92 and a 200 day moving average of $32.35.

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.