First Trust Natural Gas ETF (NYSEARCA:FCG) Sees Unusually-High Trading Volume – What’s Next?

Shares of First Trust Natural Gas ETF (NYSEARCA:FCG) saw an uptick in trading volume on Wednesday . 930,806 shares were traded during mid-day trading, a decline of 29% from the previous session’s volume of 1,312,662 shares.The stock last traded at $30.67 and had previously closed at $31.69.

First Trust Natural Gas ETF Stock Down 3.3%

The company has a market capitalization of $617.80 million, a P/E ratio of 10.55 and a beta of 0.87. The company has a 50-day moving average of $27.88 and a two-hundred day moving average of $25.00.

Institutional Trading of First Trust Natural Gas ETF

A number of hedge funds have recently modified their holdings of FCG. Farther Finance Advisors LLC purchased a new stake in shares of First Trust Natural Gas ETF in the 3rd quarter worth about $37,000. Larson Financial Group LLC boosted its stake in 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 acquiring an additional 1,040 shares in the last quarter. IFP Advisors Inc boosted its stake in First Trust Natural Gas ETF by 254.0% during the fourth quarter. IFP Advisors Inc now owns 5,575 shares of the company’s stock worth $131,000 after acquiring an additional 4,000 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in First Trust Natural Gas ETF in the fourth quarter worth about $184,000. Finally, Vontobel Holding Ltd. purchased a new stake in First Trust Natural Gas ETF in the third quarter worth about $221,000.

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.