First Trust Natural Gas ETF Sees Unusually High Options Volume (NYSEARCA:FCG)

First Trust Natural Gas ETF (NYSEARCA:FCG) was the recipient of unusually large options trading activity on Thursday. Investors purchased 2,108 call options on the company. This represents an increase of approximately 4,033% compared to the average volume of 51 call options.

Hedge Funds Weigh In On First Trust Natural Gas ETF

Several large investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. raised its stake in First Trust Natural Gas ETF by 14.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 64,710 shares of the company’s stock worth $1,701,000 after purchasing an additional 8,206 shares during the period. International Assets Investment Management LLC purchased a new position in First Trust Natural Gas ETF in the second quarter valued at approximately $49,000. Commonwealth Equity Services LLC lifted its position in First Trust Natural Gas ETF by 7.7% during the second quarter. Commonwealth Equity Services LLC now owns 143,918 shares of the company’s stock valued at $3,782,000 after buying an additional 10,235 shares in the last quarter. Pekin Hardy Strauss Inc. acquired a new stake in shares of First Trust Natural Gas ETF in the second quarter worth $202,000. Finally, Intrepid Financial Planning Group LLC boosted its position in First Trust Natural Gas ETF by 14.8% during the 2nd quarter. Intrepid Financial Planning Group LLC now owns 13,264 shares of the company’s stock worth $349,000 after purchasing an additional 1,706 shares during the period.

First Trust Natural Gas ETF Stock Up 2.2 %

Shares of FCG stock traded up $0.55 during mid-day trading on Thursday, hitting $25.18. 148,745 shares of the company’s stock were exchanged, compared to its average volume of 242,756. The stock has a market cap of $397.84 million, a price-to-earnings ratio of 5.60 and a beta of 0.65. First Trust Natural Gas ETF has a fifty-two week low of $22.42 and a fifty-two week high of $28.72. The stock has a 50-day simple moving average of $24.70 and a two-hundred day simple moving average of $25.01.

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.