First Trust Natural Gas ETF (NYSEARCA:FCG) Short Interest Update

First Trust Natural Gas ETF (NYSEARCA:FCG) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 440,253 shares, an increase of 142.7% from the August 31st total of 181,371 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 878,632 shares, the short-interest ratio is presently 0.5 days.

First Trust Natural Gas ETF Stock Performance

FCG stock opened at $28.95 on Tuesday. The company’s fifty day moving average price is $30.18 and its 200-day moving average price is $29.57. First Trust Natural Gas ETF has a one year low of $21.76 and a one year high of $33.03. The company has a market capitalization of $660.06 million, a PE ratio of 10.55 and a beta of 0.47.

Institutional Trading of First Trust Natural Gas ETF

Several hedge funds have recently bought and sold shares of the stock. Guardian Partners Inc. boosted its holdings in shares of First Trust Natural Gas ETF by 451.8% in the 1st quarter. Guardian Partners Inc. now owns 511,001 shares of the company’s stock worth $16,240,000 after purchasing an additional 418,401 shares during the period. Royal Bank of Canada increased its position in 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 during the last quarter. Renaissance Technologies LLC raised its stake in shares of First Trust Natural Gas ETF by 841.5% in the first quarter. Renaissance Technologies LLC now owns 99,800 shares of the company’s stock valued at $3,163,000 after acquiring an additional 89,200 shares during the period. Corecam AG bought a new stake in shares of First Trust Natural Gas ETF in the 1st quarter worth about $2,626,000. Finally, SG Americas Securities LLC bought a new stake in shares of First Trust Natural Gas ETF in the 1st quarter worth about $1,612,000.

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.