First Trust Natural Gas ETF (NYSEARCA:FCG) Short Interest Down 40.4% in August

First Trust Natural Gas ETF (NYSEARCA:FCG) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 152,342 shares, a decrease of 40.4% from the July 30th total of 255,736 shares. Based on an average trading volume of 797,719 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.7% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in shares of First Trust Natural Gas ETF in the 1st quarter valued at about $244,000. Marshall Wace LLP purchased a new position in First Trust Natural Gas ETF during the second quarter worth approximately $316,000. Bank of America Corp DE grew its holdings in First Trust Natural Gas ETF by 1.9% in the second quarter. Bank of America Corp DE now owns 253,127 shares of the company’s stock valued at $5,850,000 after purchasing an additional 4,611 shares during the period. BNP Paribas Financial Markets increased its position in shares of First Trust Natural Gas ETF by 403,125.8% in the second quarter. BNP Paribas Financial Markets now owns 250,000 shares of the company’s stock valued at $5,778,000 after buying an additional 249,938 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of First Trust Natural Gas ETF by 103.5% in the second quarter. Tower Research Capital LLC TRC now owns 61,609 shares of the company’s stock valued at $1,424,000 after buying an additional 31,337 shares in the last quarter.

First Trust Natural Gas ETF Stock Up 1.4%

Shares of First Trust Natural Gas ETF stock traded up $0.43 during midday trading on Monday, hitting $31.21. The company had a trading volume of 461,156 shares, compared to its average volume of 1,056,514. The company has a fifty day simple moving average of $28.54 and a 200 day simple moving average of $29.06. The stock has a market cap of $685.06 million, a price-to-earnings ratio of 10.55 and a beta of 0.46. First Trust Natural Gas ETF has a 12-month low of $21.76 and a 12-month high of $33.03.

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.