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

First Trust Natural Gas ETF (NYSEARCA:FCG) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 121,650 shares, an increase of 40.8% from the January 29th total of 86,387 shares. Based on an average trading volume of 931,187 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.6% of the shares of the stock are short sold. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 931,187 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Natural Gas ETF Stock Down 0.3%

NYSEARCA:FCG opened at $28.57 on Wednesday. The firm’s fifty day simple moving average is $25.08 and its 200-day simple moving average is $24.02. The stock has a market cap of $575.69 million, a PE ratio of 10.55 and a beta of 0.87. First Trust Natural Gas ETF has a fifty-two week low of $18.81 and a fifty-two week high of $29.11.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FCG. Farther Finance Advisors LLC acquired a new stake in shares of First Trust Natural Gas ETF during the 3rd quarter valued at approximately $37,000. Larson Financial Group LLC increased its stake in First Trust Natural Gas ETF by 38.4% in the 3rd quarter. Larson Financial Group LLC now owns 3,745 shares of the company’s stock valued at $88,000 after purchasing an additional 1,040 shares in the last quarter. IFP Advisors Inc raised its holdings 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 purchasing an additional 4,000 shares during the last quarter. Sound Income Strategies LLC acquired a new position in First Trust Natural Gas ETF during the fourth quarter worth $184,000. Finally, Vontobel Holding Ltd. purchased a new stake in First Trust Natural Gas ETF during the third quarter worth $221,000.

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.