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

First Trust Natural Gas ETF (NYSEARCA:FCG) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 255,736 shares, an increase of 113.8% from the July 15th total of 119,641 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average trading volume of 654,561 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FCG. Gendell Jeffrey L lifted its holdings in First Trust Natural Gas ETF by 396.8% in 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 period. LPL Financial LLC increased its stake in shares of 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 valued at $14,337,000 after buying an additional 170,761 shares during the period. Financial Sense Advisors Inc. increased its stake in shares of First Trust Natural Gas ETF by 370.7% during the third quarter. Financial Sense Advisors Inc. now owns 536,663 shares of the company’s stock valued at $12,606,000 after buying an additional 422,638 shares during the period. Guardian Partners Inc. raised its holdings in shares of First Trust Natural Gas ETF by 451.8% during the first quarter. Guardian Partners Inc. now owns 511,001 shares of the company’s stock valued at $16,240,000 after acquiring an additional 418,401 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of First Trust Natural Gas ETF by 124.1% during the first quarter. Royal Bank of Canada now owns 462,206 shares of the company’s stock valued at $14,646,000 after acquiring an additional 255,916 shares in the last quarter.

First Trust Natural Gas ETF Stock Up 1.5%

Shares of NYSEARCA:FCG traded up $0.44 during midday trading on Friday, hitting $29.94. 581,384 shares of the stock traded hands, compared to its average volume of 1,084,485. The stock has a market capitalization of $657.18 million, a PE ratio of 10.55 and a beta of 0.46. The business’s 50 day moving average is $27.96 and its two-hundred day moving average is $28.65. First Trust Natural Gas ETF has a one year low of $21.76 and a one year high of $33.03.

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.