First Trust Natural Gas ETF (NYSEARCA:FCG) Sees Unusually-High Trading Volume – Here’s Why

First Trust Natural Gas ETF (NYSEARCA:FCG) saw unusually-strong trading volume on Wednesday . Approximately 930,806 shares traded hands during mid-day trading, a decline of 29% from the previous session’s volume of 1,312,662 shares.The stock last traded at $30.67 and had previously closed at $31.69.

First Trust Natural Gas ETF Stock Up 1.7%

The company has a market cap of $627.87 million, a price-to-earnings ratio of 10.55 and a beta of 0.87. The stock’s 50-day simple moving average is $28.14 and its 200 day simple moving average is $25.08.

Hedge Funds Weigh In On First Trust Natural Gas ETF

Several large investors have recently made changes to their positions in FCG. Jane Street Group LLC acquired a new stake in First Trust Natural Gas ETF in the 1st quarter valued at approximately $244,000. Trek Financial LLC lifted its stake in First Trust Natural Gas ETF by 63.2% during the second quarter. Trek Financial LLC now owns 58,149 shares of the company’s stock worth $1,344,000 after purchasing an additional 22,526 shares in the last quarter. Marshall Wace LLP acquired a new position in First Trust Natural Gas ETF during the second quarter worth $316,000. Bank of America Corp DE boosted its position in shares of First Trust Natural Gas ETF by 1.9% during the second quarter. Bank of America Corp DE now owns 253,127 shares of the company’s stock worth $5,850,000 after buying an additional 4,611 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of First Trust Natural Gas ETF by 403,125.8% during the second quarter. BNP Paribas Financial Markets now owns 250,000 shares of the company’s stock worth $5,778,000 after buying an additional 249,938 shares during the period.

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.