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

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

First Trust Natural Gas ETF Trading Down 0.6%

NYSEARCA FCG opened at $26.58 on Tuesday. First Trust Natural Gas ETF has a 1 year low of $21.76 and a 1 year high of $33.03. The firm’s 50 day simple moving average is $29.13 and its 200 day simple moving average is $27.59. The firm has a market capitalization of $663.17 million, a price-to-earnings ratio of 10.55 and a beta of 0.45.

Hedge Funds Weigh In On First Trust Natural Gas ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Western Wealth Management LLC acquired a new position in First Trust Natural Gas ETF in the first quarter valued at $60,000. Larson Financial Group LLC raised its position in shares of First Trust Natural Gas ETF by 38.4% during the third quarter. Larson Financial Group LLC now owns 3,745 shares of the company’s stock worth $88,000 after purchasing an additional 1,040 shares during the period. JTC Employer Solutions Trustee Ltd bought a new position in shares of First Trust Natural Gas ETF in the first quarter valued at $114,000. IFP Advisors Inc lifted its position 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 acquiring an additional 4,000 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new position in shares of First Trust Natural Gas ETF during the fourth quarter valued at approximately $184,000.

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.