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

First Trust Natural Gas ETF (NYSEARCA:FCG) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 246,253 shares, an increase of 102.4% from the February 12th total of 121,650 shares. Based on an average daily volume of 743,390 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.2% of the shares of the company are sold short. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 743,390 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On First Trust Natural Gas ETF

Institutional investors have recently added to or reduced their stakes in the company. Capital Square LLC increased its holdings in First Trust Natural Gas ETF by 5.5% in the 3rd quarter. Capital Square LLC now owns 13,260 shares of the company’s stock valued at $311,000 after acquiring an additional 693 shares during the last quarter. Beck Capital Management LLC boosted its stake in shares of First Trust Natural Gas ETF by 8.6% during the fourth quarter. Beck Capital Management LLC now owns 11,338 shares of the company’s stock valued at $265,000 after purchasing an additional 900 shares during the period. National Bank of Canada FI boosted its holdings in shares of First Trust Natural Gas ETF by 4.6% in the third quarter. National Bank of Canada FI now owns 21,855 shares of the company’s stock valued at $513,000 after purchasing an additional 955 shares during the period. Larson Financial Group LLC increased its stake 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 valued at $88,000 after buying an additional 1,040 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in First Trust Natural Gas ETF by 11.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,603 shares of the company’s stock valued at $243,000 after purchasing an additional 1,064 shares during the period.

First Trust Natural Gas ETF Price Performance

Shares of NYSEARCA:FCG traded up $0.27 during trading on Thursday, reaching $29.38. The stock had a trading volume of 1,995,149 shares, compared to its average volume of 1,148,445. First Trust Natural Gas ETF has a 52 week low of $18.81 and a 52 week high of $29.68. The stock has a market capitalization of $592.01 million, a PE ratio of 10.55 and a beta of 0.87. The business’s 50-day moving average price is $25.86 and its 200 day moving average price is $24.30.

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.