First Trust Natural Gas ETF (NYSEARCA:FCG) Shares Shorted: Short Interest Down 70.0% in September

First Trust Natural Gas ETF (NYSEARCA:FCG) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 131,888 shares, a drop of 70.0% from the September 15th total of 440,253 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 1,170,769 shares, the short-interest ratio is presently 0.1 days.

First Trust Natural Gas ETF Trading Up 2.0%

NYSEARCA FCG traded up $0.60 on Tuesday, hitting $30.88. 631,786 shares of the stock traded hands, compared to its average volume of 1,043,207. The stock has a 50-day moving average of $30.36 and a 200 day moving average of $29.50. First Trust Natural Gas ETF has a twelve month low of $21.76 and a twelve month high of $33.03. The company has a market capitalization of $671.64 million, a P/E ratio of 10.55 and a beta of 0.59.

Hedge Funds Weigh In On First Trust Natural Gas ETF

Several large investors have recently added to or reduced their stakes in FCG. Western Wealth Management LLC acquired a new stake in First Trust Natural Gas ETF during the first quarter worth about $60,000. JTC Employer Solutions Trustee Ltd bought a new position in First Trust Natural Gas ETF in the first quarter worth about $114,000. Kestra Private Wealth Services LLC acquired a new position in First Trust Natural Gas ETF in the first quarter valued at approximately $201,000. One Plus One Wealth Management LLC acquired a new position in First Trust Natural Gas ETF in the first quarter valued at approximately $202,000. Finally, Integrated Wealth Concepts LLC boosted its stake in First Trust Natural Gas ETF by 8.0% in the second quarter. Integrated Wealth Concepts LLC now owns 8,222 shares of the company’s stock valued at $219,000 after acquiring an additional 612 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.