First Trust Natural Gas ETF (NYSEARCA:FCG) Short Interest Update

First Trust Natural Gas ETF (NYSEARCA:FCG) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 119,641 shares, a growth of 110.2% from the June 30th total of 56,905 shares. Based on an average daily volume of 599,597 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.5% of the company’s stock are sold short.

Hedge Funds Weigh In On First Trust Natural Gas ETF

Institutional investors have recently made changes to their positions in the stock. Tactive Advisors LLC raised its stake in First Trust Natural Gas ETF by 5.7% during the 2nd quarter. Tactive Advisors LLC now owns 29,727 shares of the company’s stock valued at $791,000 after acquiring an additional 1,615 shares in the last quarter. Global Wealth Strategies & Associates lifted its holdings in First Trust Natural Gas ETF by 277.0% in the 2nd quarter. Global Wealth Strategies & Associates now owns 59,227 shares of the company’s stock valued at $1,576,000 after acquiring an additional 43,516 shares during the last quarter. Western Wealth Management LLC bought a new stake in First Trust Natural Gas ETF during the first quarter worth approximately $60,000. JTC Employer Solutions Trustee Ltd acquired a new position in shares of First Trust Natural Gas ETF in the 1st quarter worth $114,000. Finally, Guardian Partners Inc. raised its holdings in First Trust Natural Gas ETF by 451.8% during the 1st quarter. Guardian Partners Inc. now owns 511,001 shares of the company’s stock worth $16,240,000 after buying an additional 418,401 shares during the period.

First Trust Natural Gas ETF Price Performance

First Trust Natural Gas ETF stock traded down $0.35 during midday trading on Tuesday, hitting $27.62. 632,279 shares of the stock were exchanged, compared to its average volume of 1,112,819. First Trust Natural Gas ETF has a 1 year low of $21.76 and a 1 year high of $33.03. The company has a 50 day moving average price of $28.15 and a two-hundred day moving average price of $28.16. The firm has a market cap of $609.02 million, a P/E ratio of 10.55 and a beta of 0.45.

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.