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

First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) was the target of a large growth in short interest in 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. Based on an average daily volume of 2,310 shares, the days-to-cover ratio is presently 2.3 days. Approximately 3.5% of the shares of the company are short sold.

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

A hedge fund recently bought a new position in First Trust S-Network Streaming and Gaming ETF stock. International Assets Investment Management LLC purchased a new position in shares of First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 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

BNGE traded up $0.22 during trading on Friday, reaching $30.40. 27 shares of the company’s stock were exchanged, compared to its average volume of 1,609. 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 stock has a market capitalization of $4.56 million, a P/E ratio of 26.85 and a beta of 1.12. The company’s fifty day simple moving average is $30.96 and its 200-day simple moving average is $32.07.

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.