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

First Trust Natural Gas ETF (NYSEARCA:FCG) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 246,253 shares, a growth of 102.4% from the February 12th total of 121,650 shares. Based on an average daily trading volume, of 743,390 shares, the days-to-cover ratio is currently 0.3 days. Approximately 1.2% of the company’s stock are short sold. Approximately 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 743,390 shares, the days-to-cover ratio is currently 0.3 days.

First Trust Natural Gas ETF Price Performance

NYSEARCA FCG traded up $0.33 on Friday, hitting $29.71. 1,123,435 shares of the stock were exchanged, compared to its average volume of 1,148,043. The company has a market capitalization of $598.66 million, a PE ratio of 10.55 and a beta of 0.87. The business’s fifty day moving average is $25.98 and its 200 day moving average is $24.34. First Trust Natural Gas ETF has a 52 week low of $18.81 and a 52 week high of $29.75.

Institutional Investors Weigh In On First Trust Natural Gas ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC bought a new position in First Trust Natural Gas ETF during the first quarter worth about $244,000. Prospera Financial Services Inc raised its stake in First Trust Natural Gas ETF by 39.8% in the second quarter. Prospera Financial Services Inc now owns 11,685 shares of the company’s stock valued at $270,000 after buying an additional 3,328 shares during the period. Rockefeller Capital Management L.P. acquired a new stake in shares of First Trust Natural Gas ETF in the second quarter valued at approximately $316,000. Jaffetilchin Investment Partners LLC acquired a new stake in shares of First Trust Natural Gas ETF in the second quarter valued at approximately $291,000. Finally, Trek Financial LLC boosted its stake in shares of First Trust Natural Gas ETF by 63.2% during the 2nd quarter. Trek Financial LLC now owns 58,149 shares of the company’s stock worth $1,344,000 after acquiring an additional 22,526 shares during the period.

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.