First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE – Get Free Report) was the target of a significant 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. Currently, 3.5% of the shares of the stock are short sold. Based on an average daily volume of 2,310 shares, the short-interest ratio is presently 2.3 days.
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 bought a new stake in First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 935 shares of the company’s stock, valued at approximately $35,000. International Assets Investment Management LLC owned 0.47% of First Trust S-Network Streaming and Gaming ETF as of its most recent SEC filing.
First Trust S-Network Streaming and Gaming ETF Price Performance
Shares of BNGE traded up $0.22 during mid-day trading on Friday, reaching $30.40. The stock had a trading volume of 27 shares, compared to its average volume of 1,609. First Trust S-Network Streaming and Gaming ETF has a 52-week low of $29.39 and a 52-week high of $41.04. The business’s fifty day moving average is $30.96 and its 200 day moving average is $32.07. The firm has a market cap of $4.56 million, a price-to-earnings ratio of 26.85 and a beta of 1.12.
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.
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