First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) Stock Short Interest Falls 86.7%

First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) was the recipient of a large drop in short interest in October. As of October 30th, there was short interest totaling 437 shares, a drop of 86.7% from the October 15th total of 3,296 shares. Based on an average daily volume of 294 shares, the short-interest ratio is currently 1.5 days. Approximately 0.3% of the shares of the stock are sold short.

First Trust S-Network Streaming and Gaming ETF Stock Performance

BNGE stock traded up $0.01 during midday trading on Wednesday, hitting $33.11. 6,181 shares of the stock were exchanged, compared to its average volume of 1,393. The stock’s 50-day moving average price is $31.73 and its 200-day moving average price is $31.68. The stock has a market cap of $4.97 million, a price-to-earnings ratio of 19.10 and a beta of 1.12. First Trust S-Network Streaming and Gaming ETF has a fifty-two week low of $29.39 and a fifty-two week high of $39.16.

Institutional Inflows and Outflows

A hedge fund recently raised its position in First Trust S-Network Streaming and Gaming ETF stock. Citadel Advisors LLC grew its holdings in First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) by 51.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,422 shares of the company’s stock after acquiring an additional 12,038 shares during the period. Citadel Advisors LLC owned about 23.61% of First Trust S-Network Streaming and Gaming ETF worth $1,087,000 as of its most recent SEC filing.

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.