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

First Trust Natural Gas ETF (NYSEARCA:FCG) was the target of a significant increase in short interest in 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 sold short. Based on an average daily trading volume, of 878,632 shares, the days-to-cover ratio is currently 0.5 days.

First Trust Natural Gas ETF Trading Down 0.9%

Shares of NYSEARCA:FCG traded down $0.25 on Monday, reaching $28.95. 898,750 shares of the company traded hands, compared to its average volume of 1,057,483. The business’s 50-day simple moving average is $30.18 and its 200 day simple moving average is $29.57. The stock has a market capitalization of $660.06 million, a P/E ratio of 10.55 and a beta of 0.47. First Trust Natural Gas ETF has a 52 week low of $21.76 and a 52 week high of $33.03.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Guardian Partners Inc. increased its stake in shares of First Trust Natural Gas ETF by 451.8% during the first quarter. Guardian Partners Inc. now owns 511,001 shares of the company’s stock valued at $16,240,000 after buying an additional 418,401 shares during the period. Royal Bank of Canada raised its position in shares of First Trust Natural Gas ETF by 124.1% in the 1st quarter. Royal Bank of Canada now owns 462,206 shares of the company’s stock worth $14,646,000 after acquiring an additional 255,916 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of First Trust Natural Gas ETF by 841.5% in the 1st quarter. Renaissance Technologies LLC now owns 99,800 shares of the company’s stock worth $3,163,000 after acquiring an additional 89,200 shares in the last quarter. Corecam AG bought a new position in shares of First Trust Natural Gas ETF during the first quarter valued at approximately $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 approximately $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.