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

First Trust Natural Gas ETF (NYSEARCA:FCG) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 465,502 shares, a growth of 89.0% from the February 26th total of 246,253 shares. Currently, 2.3% of the company’s shares are sold short. Based on an average daily trading volume, of 1,704,000 shares, the days-to-cover ratio is currently 0.3 days.

First Trust Natural Gas ETF Stock Up 1.2%

Shares of FCG stock traded up $0.38 during trading hours on Friday, hitting $32.74. 1,216,547 shares of the company were exchanged, compared to its average volume of 1,251,538. The firm has a fifty day moving average of $27.55 and a 200 day moving average of $24.86. First Trust Natural Gas ETF has a 1 year low of $18.81 and a 1 year high of $32.88. The firm has a market cap of $659.71 million, a PE ratio of 10.55 and a beta of 0.87.

Institutional Trading of First Trust Natural Gas ETF

Several institutional investors have recently made changes to their positions in the stock. Gendell Jeffrey L increased its holdings in shares of First Trust Natural Gas ETF by 396.8% during the 4th quarter. Gendell Jeffrey L now owns 943,874 shares of the company’s stock worth $22,096,000 after buying an additional 753,874 shares during the last quarter. LPL Financial LLC increased its stake in First Trust Natural Gas ETF by 38.7% during the fourth quarter. LPL Financial LLC now owns 612,446 shares of the company’s stock worth $14,337,000 after acquiring an additional 170,761 shares during the last quarter. Financial Sense Advisors Inc. raised its holdings in shares of First Trust Natural Gas ETF by 370.7% in the 3rd quarter. Financial Sense Advisors Inc. now owns 536,663 shares of the company’s stock worth $12,606,000 after purchasing an additional 422,638 shares during the period. Wells Fargo & Company MN raised its holdings in shares of First Trust Natural Gas ETF by 12.5% in the 4th quarter. Wells Fargo & Company MN now owns 392,350 shares of the company’s stock worth $9,185,000 after purchasing an additional 43,481 shares during the period. Finally, UBS Group AG lifted its stake in shares of First Trust Natural Gas ETF by 78.8% in the 4th quarter. UBS Group AG now owns 338,265 shares of the company’s stock valued at $7,919,000 after purchasing an additional 149,095 shares in the last quarter.

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.