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

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

Hedge Funds Weigh In On First Trust Natural Gas ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FCG. Western Wealth Management LLC bought a new position in shares of First Trust Natural Gas ETF in the first quarter valued at approximately $60,000. Larson Financial Group LLC boosted its holdings in shares of First Trust Natural Gas ETF by 38.4% during the 3rd quarter. Larson Financial Group LLC now owns 3,745 shares of the company’s stock worth $88,000 after buying an additional 1,040 shares during the period. JTC Employer Solutions Trustee Ltd acquired a new position in First Trust Natural Gas ETF in the 1st quarter valued at $114,000. IFP Advisors Inc grew its stake in First Trust Natural Gas ETF by 254.0% in the 4th quarter. IFP Advisors Inc now owns 5,575 shares of the company’s stock valued at $131,000 after buying an additional 4,000 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new position in First Trust Natural Gas ETF in the 4th quarter worth $184,000.

First Trust Natural Gas ETF Stock Performance

Shares of NYSEARCA FCG traded down $0.46 during mid-day trading on Wednesday, reaching $26.15. 632,956 shares of the company traded hands, compared to its average volume of 1,184,692. The stock has a market cap of $581.84 million, a PE ratio of 10.55 and a beta of 0.45. The company’s fifty day moving average is $29.05 and its two-hundred day moving average is $27.62. First Trust Natural Gas ETF has a fifty-two week low of $21.76 and a fifty-two week 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.