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

First Trust Natural Gas ETF (NYSEARCA:FCG) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 94,004 shares, a drop of 46.3% from the May 31st total of 175,093 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 893,668 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On First Trust Natural Gas ETF

Several institutional investors have recently modified their holdings of the business. Gendell Jeffrey L lifted its stake in First Trust Natural Gas ETF by 396.8% in the fourth quarter. Gendell Jeffrey L now owns 943,874 shares of the company’s stock valued at $22,096,000 after buying an additional 753,874 shares during the period. Financial Sense Advisors Inc. increased its stake in shares of First Trust Natural Gas ETF by 370.7% in the 3rd quarter. Financial Sense Advisors Inc. now owns 536,663 shares of the company’s stock valued at $12,606,000 after acquiring an additional 422,638 shares during the last quarter. Guardian Partners Inc. raised its position in shares of First Trust Natural Gas ETF by 451.8% in the 1st quarter. Guardian Partners Inc. now owns 511,001 shares of the company’s stock valued at $16,240,000 after acquiring an additional 418,401 shares during the period. Royal Bank of Canada raised its position in shares of First Trust Natural Gas ETF by 124.1% in the 1st quarter. Royal Bank of Canada now owns 462,206 shares of the company’s stock valued at $14,646,000 after acquiring an additional 255,916 shares during the period. Finally, Quadrature Capital Ltd bought a new position in First Trust Natural Gas ETF during the 3rd quarter worth approximately $5,905,000.

First Trust Natural Gas ETF Stock Up 1.1%

FCG stock traded up $0.29 during midday trading on Thursday, reaching $26.44. The stock had a trading volume of 434,105 shares, compared to its average volume of 1,178,687. The firm has a market cap of $588.29 million, a price-to-earnings ratio of 10.55 and a beta of 0.45. First Trust Natural Gas ETF has a twelve month low of $21.76 and a twelve month high of $33.03. The business has a fifty day simple moving average of $28.99 and a two-hundred day simple moving average of $27.63.

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.