First Trust Natural Gas ETF (NYSEARCA:FCG) Stock Short Interest Rises 142.7%

First Trust Natural Gas ETF (NYSEARCA:FCG) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 440,253 shares, an increase of 142.7% from the August 31st total of 181,371 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average trading volume of 878,632 shares, the days-to-cover ratio is currently 0.5 days.

First Trust Natural Gas ETF Stock Performance

Shares of FCG stock traded down $0.64 during trading hours on Friday, hitting $29.20. The company had a trading volume of 910,127 shares, compared to its average volume of 1,058,345. First Trust Natural Gas ETF has a 12 month low of $21.76 and a 12 month high of $33.03. The firm has a market capitalization of $670.14 million, a price-to-earnings ratio of 10.55 and a beta of 0.47. The firm’s fifty day moving average is $30.16 and its 200 day moving average is $29.57.

Institutional Trading of First Trust Natural Gas ETF

A number of large investors have recently bought and sold shares of the stock. Guardian Partners Inc. raised its position in First Trust Natural Gas ETF by 451.8% in the 1st quarter. Guardian Partners Inc. now owns 511,001 shares of the company’s stock valued at $16,240,000 after purchasing an additional 418,401 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of First Trust Natural Gas ETF by 124.1% during the first quarter. Royal Bank of Canada now owns 462,206 shares of the company’s stock worth $14,646,000 after purchasing an additional 255,916 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of First Trust Natural Gas ETF by 841.5% in the first quarter. Renaissance Technologies LLC now owns 99,800 shares of the company’s stock valued at $3,163,000 after buying an additional 89,200 shares in the last quarter. Corecam AG acquired a new stake in shares of First Trust Natural Gas ETF in the first quarter valued at $2,626,000. Finally, Cetera Investment Advisers increased its stake in shares of First Trust Natural Gas ETF by 57.8% in the first quarter. Cetera Investment Advisers now owns 70,540 shares of the company’s stock valued at $2,235,000 after buying an additional 25,825 shares in the last quarter.

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. 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.