(BNGE) First Trust S-Network - Ratings and Ratios

The First Trust S-Network Streaming & Gaming ETF (NYSE ARCA: BNGE) is designed to provide exposure to companies driving innovation in the streaming and gaming industries. The fund typically allocates at least 80% of its net assets to securities included in its underlying index. This index encompasses a broad range of companies, including those that enable remote access to online content, publish digital content, facilitate online wagering, and support competitive video gaming. Additionally, it includes firms that provide essential products, services, and technologies to these industries. The fund is classified as non-diversified, meaning it may concentrate its holdings in a smaller number of securities, which can lead to higher volatility compared to diversified funds.

As of the latest data, BNGE trades on the NYSE ARCA under the ticker symbol BNGE and falls under the Communications sector. With an average trading volume of 1,000 shares over the past 20 days, the fund currently has assets under management (AUM) of $4.28 million. Its last price was $28.60, with key technical indicators showing an SMA 20 of $29.13, SMA 50 of $30.14, and SMA 200 of $27.43. The Average True Range (ATR) is 0.72, indicating moderate price volatility.

Looking ahead, BNGEs performance over the next three months is likely to be influenced by both technical and fundamental factors. From a technical perspective, the funds price is currently below its SMA 20 and SMA 50, suggesting potential bearish momentum in the short term. However, the SMA 200 remains above the last price, indicating longer-term support. The ATR of 0.72 suggests that volatility is manageable, with average price swings remaining relatively contained.

From a fundamental perspective, the streaming and gaming industries are expected to continue their growth trajectory, driven by increasing demand for digital entertainment and advancements in technology. Companies enabling online content delivery, competitive gaming, and related services are well-positioned to benefit from these trends. However, the funds small AUM of $4.28 million may limit its liquidity and increase its vulnerability to market fluctuations. Investors should monitor these factors closely when assessing BNGEs potential over the next quarter.