Short Interest in First Trust Natural Gas ETF (NYSEARCA:FCG) Decreases By 40.4%

First Trust Natural Gas ETF (NYSEARCA:FCG) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 152,342 shares, a decline of 40.4% from the July 30th total of 255,736 shares. Based on an average trading volume of 797,719 shares, the short-interest ratio is presently 0.2 days. Approximately 0.7% of the shares of the company are short sold.

First Trust Natural Gas ETF Trading Down 0.0%

NYSEARCA:FCG opened at $31.85 on Wednesday. The stock has a 50 day moving average of $28.71 and a 200-day moving average of $29.13. The firm has a market capitalization of $699.11 million, a PE ratio of 10.55 and a beta of 0.46. First Trust Natural Gas ETF has a 52 week low of $21.76 and a 52 week high of $33.03.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Kingsbury Capital Investment Advisors LLC lifted its stake in First Trust Natural Gas ETF by 167.2% in the second quarter. Kingsbury Capital Investment Advisors LLC now owns 21,711 shares of the company’s stock valued at $578,000 after buying an additional 13,585 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of First Trust Natural Gas ETF during the second quarter worth about $3,638,000. Tactive Advisors LLC grew its position in shares of First Trust Natural Gas ETF by 5.7% during the second quarter. Tactive Advisors LLC now owns 29,727 shares of the company’s stock worth $791,000 after acquiring an additional 1,615 shares during the last quarter. Global Wealth Strategies & Associates grew its position in shares of First Trust Natural Gas ETF by 277.0% during the second quarter. Global Wealth Strategies & Associates now owns 59,227 shares of the company’s stock worth $1,576,000 after acquiring an additional 43,516 shares during the last quarter. Finally, Western Wealth Management LLC acquired a new stake in shares of First Trust Natural Gas ETF in the 1st quarter worth about $60,000.

About First Trust Natural Gas ETF

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.