Short Interest in First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) Declines By 32.4%

First Trust S-Network Streaming and Gaming ETF (NYSEARCA:BNGE) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 388 shares, a decrease of 32.4% from the November 30th total of 574 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 834 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 834 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the company’s stock are sold short.

First Trust S-Network Streaming and Gaming ETF Trading Up 0.2%

Shares of NYSEARCA BNGE traded up $0.08 during mid-day trading on Tuesday, reaching $37.82. The company had a trading volume of 154 shares, compared to its average volume of 1,734. The firm has a 50 day simple moving average of $38.16 and a two-hundred day simple moving average of $38.22. First Trust S-Network Streaming and Gaming ETF has a 52-week low of $26.01 and a 52-week high of $41.04. The stock has a market cap of $7.56 million, a P/E ratio of 26.85 and a beta of 1.23.

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.