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

First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) was the recipient of a large decrease in short interest during 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. Based on an average daily volume of 87 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On First Trust S-Network Streaming and Gaming ETF

A hedge fund recently raised its position in First Trust S-Network Streaming and Gaming ETF stock. Citadel Advisors LLC lifted its holdings in First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) by 51.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,422 shares of the company’s stock after purchasing an additional 12,038 shares during the quarter. 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.

First Trust S-Network Streaming and Gaming ETF Stock Performance

Shares of NYSEARCA:BNGE traded down $0.04 during trading hours on Thursday, hitting $31.81. The stock had a trading volume of 21 shares, compared to its average volume of 1,362. The stock’s fifty day simple moving average is $32.02 and its 200 day simple moving average is $31.40. 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 firm has a market capitalization of $4.77 million, a price-to-earnings ratio of 26.85 and a beta of 1.11.

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.