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 large decline in short interest in the month of August. As of August 14th, there was short interest totaling 152,342 shares, a decline of 40.4% from the July 30th total of 255,736 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 797,719 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Natural Gas ETF Stock Up 1.4%

FCG traded up $0.43 during trading on Monday, reaching $31.21. The company had a trading volume of 461,156 shares, compared to its average volume of 1,056,514. The business has a 50 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 P/E ratio of 10.55 and a beta of 0.46. First Trust Natural Gas ETF has a 52 week low of $21.76 and a 52 week high of $33.03.

Institutional Trading of First Trust Natural Gas ETF

Several institutional investors and hedge funds have recently made changes to their positions in FCG. Beck Capital Management LLC grew its position in shares of First Trust Natural Gas ETF by 8.6% during the 4th quarter. Beck Capital Management LLC now owns 11,338 shares of the company’s stock worth $265,000 after buying an additional 900 shares in the last quarter. National Bank of Canada FI grew its position in shares of First Trust Natural Gas ETF by 4.6% in the 3rd quarter. National Bank of Canada FI now owns 21,855 shares of the company’s stock worth $513,000 after buying an additional 955 shares during the last quarter. Larson Financial Group LLC grew its holdings in First Trust Natural Gas ETF by 38.4% in the third quarter. Larson Financial Group LLC now owns 3,745 shares of the company’s stock worth $88,000 after purchasing an additional 1,040 shares during the last quarter. Moors & Cabot Inc. grew its stake in First Trust Natural Gas ETF by 11.1% during the 3rd quarter. Moors & Cabot Inc. now owns 12,710 shares of the company’s stock worth $299,000 after buying an additional 1,275 shares during the last quarter. Finally, Integrity Wealth Advisors Inc. raised its stake in First Trust Natural Gas ETF by 7.4% in the fourth quarter. Integrity Wealth Advisors Inc. now owns 18,736 shares of the company’s stock valued at $439,000 after buying an additional 1,299 shares during the last quarter.

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.