First Trust Natural Gas ETF (NYSEARCA:FCG) Sees Large Decline in Short Interest

First Trust Natural Gas ETF (NYSEARCA:FCG) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 131,888 shares, a decrease of 70.0% from the September 15th total of 440,253 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 1,170,769 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On First Trust Natural Gas ETF

Institutional investors have recently made changes to their positions in the stock. Guardian Partners Inc. boosted its stake 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 worth $16,240,000 after purchasing an additional 418,401 shares during the period. Royal Bank of Canada grew its holdings in 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 valued at $14,646,000 after buying an additional 255,916 shares in the last quarter. Lake Hills Wealth Management LLC grew its holdings in First Trust Natural Gas ETF by 2.1% during the 3rd quarter. Lake Hills Wealth Management LLC now owns 231,820 shares of the company’s stock valued at $6,612,000 after buying an additional 4,683 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of First Trust Natural Gas ETF by 841.5% during 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 during the period. Finally, Corecam AG bought a new stake in shares of First Trust Natural Gas ETF during the first quarter valued at about $2,626,000.

First Trust Natural Gas ETF Trading Up 2.0%

FCG opened at $30.88 on Wednesday. First Trust Natural Gas ETF has a 12 month low of $21.76 and a 12 month high of $33.03. The company has a market cap of $671.64 million, a PE ratio of 10.55 and a beta of 0.59. The company has a 50 day moving average of $30.36 and a 200 day moving average of $29.50.

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.