First Trust Natural Gas ETF (NYSEARCA:FCG) Sees Significant Increase in Short Interest

First Trust Natural Gas ETF (NYSEARCA:FCG) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 255,736 shares, an increase of 113.8% from the July 15th total of 119,641 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average trading volume of 654,561 shares, the short-interest ratio is presently 0.4 days.

First Trust Natural Gas ETF Trading Up 1.5%

NYSEARCA FCG traded up $0.44 during trading on Friday, hitting $29.94. The company had a trading volume of 581,384 shares, compared to its average volume of 1,084,485. First Trust Natural Gas ETF has a one year low of $21.76 and a one year high of $33.03. The company has a market cap of $657.18 million, a price-to-earnings ratio of 10.55 and a beta of 0.46. The company’s fifty day moving average is $27.96 and its 200-day moving average is $28.65.

Hedge Funds Weigh In On First Trust Natural Gas ETF

Several hedge funds and other institutional investors have recently modified their holdings of FCG. Beck Capital Management LLC increased its position in shares of First Trust Natural Gas ETF by 8.6% during the fourth quarter. Beck Capital Management LLC now owns 11,338 shares of the company’s stock valued at $265,000 after buying an additional 900 shares during the period. National Bank of Canada FI boosted its position in First Trust Natural Gas ETF by 4.6% during the 3rd quarter. National Bank of Canada FI now owns 21,855 shares of the company’s stock valued at $513,000 after acquiring an additional 955 shares in the last quarter. Larson Financial Group LLC boosted its position in First Trust Natural Gas ETF by 38.4% during the 3rd quarter. Larson Financial Group LLC now owns 3,745 shares of the company’s stock valued at $88,000 after acquiring an additional 1,040 shares in the last quarter. Moors & Cabot Inc. grew its holdings in shares of First Trust Natural Gas ETF by 11.1% during the 3rd quarter. Moors & Cabot Inc. now owns 12,710 shares of the company’s stock worth $299,000 after acquiring an additional 1,275 shares during the period. Finally, Integrity Wealth Advisors Inc. grew its holdings in shares of First Trust Natural Gas ETF by 7.4% during the 4th quarter. Integrity Wealth Advisors Inc. now owns 18,736 shares of the company’s stock worth $439,000 after acquiring an additional 1,299 shares during the period.

First Trust Natural Gas ETF Company Profile

First Trust ISE-Revere Natural Gas Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the ISE-REVERE Natural Gas Index (the Index). The Index is an equal-weighted index consisting of exchange-listed companies that derive a substantial portion of their revenues from the exploration and production of natural gas. The Index is constructed by establishing the universe of stocks listed in the United States of companies involved in the natural gas exploration and production industries and then eliminates stocks whose natural gas-proven reserves do not meet certain requirements.