First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) Short Interest Down 89.7% in August

First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 6 shares, a decrease of 89.7% from the August 15th total of 58 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 87 shares, the days-to-cover ratio is currently 0.1 days.

First Trust S-Network Streaming and Gaming ETF Stock Performance

Shares of First Trust S-Network Streaming and Gaming ETF stock traded down $0.04 on Thursday, reaching $31.81. 21 shares of the company were exchanged, compared to its average volume of 1,362. The firm has a market cap of $4.77 million, a price-to-earnings ratio of 26.85 and a beta of 1.11. First Trust S-Network Streaming and Gaming ETF has a 1-year low of $29.39 and a 1-year high of $41.04. The company’s 50-day moving average is $32.02 and its two-hundred day moving average is $31.40.

Institutional Investors Weigh In On First Trust S-Network Streaming and Gaming ETF

An institutional investor recently raised its position in First Trust S-Network Streaming and Gaming ETF stock. Citadel Advisors LLC lifted its position in shares of First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) by 51.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 35,422 shares of the company’s stock after acquiring an additional 12,038 shares during the period. Citadel Advisors LLC owned 23.61% of First Trust S-Network Streaming and Gaming ETF worth $1,087,000 as of its most recent filing with the SEC.

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.