First Trust Natural Gas ETF (NYSEARCA:FCG) Short Interest Down 74.3% in May

by · The Cerbat Gem

First Trust Natural Gas ETF (NYSEARCA:FCG – Get Free Report) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 159,937 shares, a decline of 74.3% from the April 30th total of 621,883 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 947,870 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Natural Gas ETF Stock Performance

NYSEARCA:FCG traded down $0.28 during mid-day trading on Friday, reaching $28.52. The stock had a trading volume of 785,834 shares, compared to its average volume of 1,258,596. The firm has a 50 day moving average price of $30.34 and a two-hundred day moving average price of $27.01. The stock has a market capitalization of $711.57 million, a P/E ratio of 10.55 and a beta of 0.49. First Trust Natural Gas ETF has a one year low of $21.76 and a one year high of $33.03.

Institutional Trading of First Trust Natural Gas ETF

A number of hedge funds have recently bought and sold shares of FCG. Gendell Jeffrey L lifted its position 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 last quarter. Financial Sense Advisors Inc. lifted its position in First Trust Natural Gas ETF by 370.7% in the third quarter. Financial Sense Advisors Inc. now owns 536,663 shares of the company’s stock valued at $12,606,000 after purchasing an additional 422,638 shares during the last quarter. Guardian Partners Inc. lifted its position in First Trust Natural Gas ETF by 451.8% in the first quarter. Guardian Partners Inc. now owns 511,001 shares of the company’s stock valued at $16,240,000 after purchasing an additional 418,401 shares during the last quarter. Royal Bank of Canada lifted its position in First Trust Natural Gas ETF by 124.1% in the first quarter. Royal Bank of Canada now owns 462,206 shares of the company’s stock valued at $14,646,000 after purchasing an additional 255,916 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in First Trust Natural Gas ETF in the third quarter valued at approximately $5,905,000.

First Trust Natural Gas ETF Company Profile

(Get Free Report)

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.

Featured Articles