Short Interest in First Trust Natural Gas ETF (NYSEARCA:FCG) Grows By 159.7%

First Trust Natural Gas ETF (NYSEARCA:FCG) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 378,034 shares, a growth of 159.7% from the December 31st total of 145,592 shares. Based on an average trading volume of 1,196,336 shares, the short-interest ratio is currently 0.3 days. Currently, 1.9% of the shares of the stock are short sold. Currently, 1.9% of the shares of the stock are short sold. Based on an average trading volume of 1,196,336 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On First Trust Natural Gas ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Financial Sense Advisors Inc. boosted its holdings in shares of First Trust Natural Gas ETF by 370.7% during the 3rd quarter. Financial Sense Advisors Inc. now owns 536,663 shares of the company’s stock valued at $12,606,000 after purchasing an additional 422,638 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of First Trust Natural Gas ETF in the third quarter worth about $5,905,000. BNP Paribas Financial Markets boosted its stake in First Trust Natural Gas ETF by 403,125.8% during the second quarter. BNP Paribas Financial Markets now owns 250,000 shares of the company’s stock valued at $5,778,000 after buying an additional 249,938 shares during the last quarter. Lake Hills Wealth Management LLC purchased a new position in First Trust Natural Gas ETF during the 4th quarter valued at approximately $5,597,000. Finally, Riggs Asset Managment Co. Inc. bought a new stake in First Trust Natural Gas ETF in the 4th quarter worth approximately $4,371,000.

First Trust Natural Gas ETF Trading Up 0.5%

FCG traded up $0.14 on Friday, hitting $25.61. 1,241,311 shares of the company’s stock traded hands, compared to its average volume of 1,160,726. The company’s 50 day simple moving average is $23.94 and its 200-day simple moving average is $23.48. First Trust Natural Gas ETF has a one year low of $18.81 and a one year high of $26.24. The firm has a market cap of $510.92 million, a price-to-earnings ratio of 10.55 and a beta of 0.87.

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.