Short Interest in First Trust Natural Gas ETF (NYSEARCA:FCG) Increases By 110.2%

First Trust Natural Gas ETF (NYSEARCA:FCG) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 119,641 shares, an increase 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. Approximately 0.5% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FCG. Western Wealth Management LLC bought a new stake in First Trust Natural Gas ETF during the first quarter valued at about $60,000. Larson Financial Group LLC increased its stake in shares of First Trust Natural Gas ETF by 38.4% in the third quarter. Larson Financial Group LLC now owns 3,745 shares of the company’s stock worth $88,000 after purchasing an additional 1,040 shares during the period. JTC Employer Solutions Trustee Ltd acquired a new position in shares of First Trust Natural Gas ETF during the 1st quarter worth about $114,000. IFP Advisors Inc lifted its position in shares of First Trust Natural Gas ETF by 254.0% during the 4th quarter. IFP Advisors Inc now owns 5,575 shares of the company’s stock worth $131,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Sound Income Strategies LLC acquired a new position in shares of First Trust Natural Gas ETF during the 4th quarter worth about $184,000.

First Trust Natural Gas ETF Price Performance

Shares of NYSEARCA FCG traded up $0.12 during trading hours on Thursday, hitting $28.80. 676,994 shares of the stock were exchanged, compared to its average volume of 1,107,361. The company’s 50 day moving average is $28.00 and its 200 day moving average is $28.28. The firm has a market capitalization of $630.72 million, a P/E ratio of 10.55 and a beta of 0.45. First Trust Natural Gas ETF has a one year low of $21.76 and a one year high of $33.03.

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.