First Trust Natural Gas ETF (NYSEARCA:FCG – Get Free Report) was the target 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. Based on an average daily volume of 797,719 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.7% of the company’s shares are sold short.
Institutional Trading of First Trust Natural Gas ETF
Large investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in shares of First Trust Natural Gas ETF in the 1st quarter valued at about $244,000. Marshall Wace LLP acquired a new stake in shares of First Trust Natural Gas ETF in the second quarter valued at $316,000. Bank of America Corp DE boosted its holdings in First Trust Natural Gas ETF by 1.9% during the second quarter. Bank of America Corp DE now owns 253,127 shares of the company’s stock worth $5,850,000 after buying an additional 4,611 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of First Trust Natural Gas ETF by 403,125.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 250,000 shares of the company’s stock valued at $5,778,000 after purchasing an additional 249,938 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in First Trust Natural Gas ETF by 103.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 61,609 shares of the company’s stock worth $1,424,000 after purchasing an additional 31,337 shares in the last quarter.
First Trust Natural Gas ETF Trading Up 2.1%
FCG traded up $0.66 during trading on Tuesday, hitting $31.86. 805,627 shares of the company’s stock were exchanged, compared to its average volume of 1,057,760. The firm has a market cap of $699.33 million, a P/E ratio of 10.55 and a beta of 0.46. The stock has a 50 day moving average price of $28.62 and a 200 day moving average price of $29.10. First Trust Natural Gas ETF has a 1 year low of $21.76 and a 1 year high of $33.03.
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.
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