First Trust Natural Gas ETF (NYSEARCA:FCG – Get Free Report) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 119,641 shares, a growth of 110.2% from the June 30th total of 56,905 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 599,597 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Investors Weigh In On First Trust Natural Gas ETF
A number of large investors have recently bought and sold shares of FCG. Beck Capital Management LLC increased its stake in First Trust Natural Gas ETF by 8.6% in the fourth quarter. Beck Capital Management LLC now owns 11,338 shares of the company’s stock valued at $265,000 after purchasing an additional 900 shares in the last quarter. National Bank of Canada FI boosted its position in shares of First Trust Natural Gas ETF by 4.6% during the 3rd quarter. National Bank of Canada FI now owns 21,855 shares of the company’s stock worth $513,000 after purchasing an additional 955 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of First Trust Natural Gas ETF by 38.4% in the 3rd quarter. Larson Financial Group LLC now owns 3,745 shares of the company’s stock valued at $88,000 after buying an additional 1,040 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of First Trust Natural Gas ETF by 11.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,603 shares of the company’s stock valued at $243,000 after buying an additional 1,064 shares during the period. Finally, Moors & Cabot Inc. increased its position in First Trust Natural Gas ETF by 11.1% in the 3rd quarter. Moors & Cabot Inc. now owns 12,710 shares of the company’s stock valued at $299,000 after buying an additional 1,275 shares in the last quarter.
First Trust Natural Gas ETF Price Performance
Shares of First Trust Natural Gas ETF stock traded up $1.06 on Wednesday, hitting $28.68. 762,313 shares of the company’s stock traded hands, compared to its average volume of 1,110,371. The company has a market capitalization of $628.09 million, a price-to-earnings ratio of 10.55 and a beta of 0.45. First Trust Natural Gas ETF has a one year low of $21.76 and a one year high of $33.03. The company has a fifty day moving average of $28.03 and a two-hundred day moving average of $28.24.
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.
See Also
- Five stocks we like better than First Trust Natural Gas ETF
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Receive News & Ratings for First Trust Natural Gas ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Natural Gas ETF and related companies with MarketBeat.com's FREE daily email newsletter.
