First Trust Natural Gas ETF (NYSEARCA:FCG) Sees Significant Growth in Short Interest

First Trust Natural Gas ETF (NYSEARCA:FCG) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 255,736 shares, a growth of 113.8% from the July 15th total of 119,641 shares. Based on an average daily trading volume, of 654,561 shares, the days-to-cover ratio is currently 0.4 days. Approximately 1.2% of the company’s shares are sold short.

Institutional Trading of First Trust Natural Gas ETF

A number of large investors have recently modified their holdings of the company. Gendell Jeffrey L increased its holdings in First Trust Natural Gas ETF by 396.8% during the 4th quarter. Gendell Jeffrey L now owns 943,874 shares of the company’s stock worth $22,096,000 after purchasing an additional 753,874 shares during the period. Financial Sense Advisors Inc. lifted its holdings 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 worth $12,606,000 after buying an additional 422,638 shares during the period. Guardian Partners Inc. grew its position in shares of First Trust Natural Gas ETF by 451.8% during the 1st quarter. Guardian Partners Inc. now owns 511,001 shares of the company’s stock worth $16,240,000 after buying an additional 418,401 shares in the last quarter. Royal Bank of Canada grew its position in shares of First Trust Natural Gas ETF by 124.1% during the 1st quarter. Royal Bank of Canada now owns 462,206 shares of the company’s stock worth $14,646,000 after buying an additional 255,916 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of First Trust Natural Gas ETF during the 3rd quarter worth $5,905,000.

First Trust Natural Gas ETF Stock Performance

First Trust Natural Gas ETF stock traded up $0.44 during trading hours on Friday, hitting $29.94. The company had a trading volume of 581,384 shares, compared to its average volume of 1,084,485. The firm has a market cap of $657.18 million, a P/E ratio of 10.55 and a beta of 0.46. The company has a 50-day moving average price of $27.96 and a two-hundred day moving average price of $28.65. First Trust Natural Gas ETF has a 1 year low of $21.76 and a 1 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.