First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) Shares Shorted: Short Interest Down 86.7% in October

First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE – Get Free Report) was the target of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 437 shares, a decline of 86.7% from the October 15th total of 3,296 shares. Based on an average trading volume of 294 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.3% of the company’s stock are sold short.

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 increased its holdings in First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE – Free Report) by 51.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,422 shares of the company’s stock after buying an additional 12,038 shares during the quarter. Citadel Advisors LLC owned about 23.61% of First Trust S-Network Streaming and Gaming ETF worth $1,087,000 at the end of the most recent reporting period.

First Trust S-Network Streaming and Gaming ETF Trading Up 0.0%

NYSEARCA BNGE traded up $0.01 during trading hours on Wednesday, reaching $33.11. 6,181 shares of the company traded hands, compared to its average volume of 1,393. The company has a 50 day moving average of $31.73 and a two-hundred day moving average of $31.68. First Trust S-Network Streaming and Gaming ETF has a 12 month low of $29.39 and a 12 month high of $39.16. The stock has a market capitalization of $4.97 million, a PE ratio of 19.10 and a beta of 1.12.

About First Trust S-Network Streaming and Gaming ETF

(Get Free Report)

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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