First Trust Natural Gas ETF (NYSEARCA:FCG) Short Interest Up 51.5% in April

First Trust Natural Gas ETF (NYSEARCA:FCG) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 572,716 shares, a growth of 51.5% from the March 31st total of 377,907 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average daily volume of 1,551,338 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On First Trust Natural Gas ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Oxbow Advisors LLC increased its holdings in shares of First Trust Natural Gas ETF by 39.6% in the 1st quarter. Oxbow Advisors LLC now owns 17,523 shares of the company’s stock worth $555,000 after acquiring an additional 4,970 shares during the period. Sound Income Strategies LLC increased its stake in shares of First Trust Natural Gas ETF by 18.1% in the first quarter. Sound Income Strategies LLC now owns 9,192 shares of the company’s stock valued at $282,000 after purchasing an additional 1,406 shares during the period. Wealth Care LLC bought a new stake in shares of First Trust Natural Gas ETF during the first quarter valued at approximately $816,000. Janney Montgomery Scott LLC acquired a new position in shares of First Trust Natural Gas ETF during the first quarter worth approximately $287,000. Finally, Corecam AG acquired a new position in shares of First Trust Natural Gas ETF during the first quarter worth approximately $2,626,000.

First Trust Natural Gas ETF Stock Performance

Shares of First Trust Natural Gas ETF stock traded up $0.81 on Wednesday, reaching $31.31. 1,877,441 shares of the company were exchanged, compared to its average volume of 1,324,057. First Trust Natural Gas ETF has a 1-year low of $20.65 and a 1-year high of $33.03. The firm has a market cap of $781.18 million, a price-to-earnings ratio of 10.55 and a beta of 0.54. The company’s 50-day moving average is $29.76 and its two-hundred day moving average is $25.94.

About First Trust Natural Gas ETF

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.