First Trust Natural Gas ETF (NYSEARCA:FCG) Sees Significant Growth in Short Interest

First Trust Natural Gas ETF (NYSEARCA:FCG) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 378,034 shares, an increase of 159.7% from the December 31st total of 145,592 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average daily volume of 1,196,336 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 1,196,336 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.9% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FCG. D.A. Davidson & CO. raised its stake in shares of First Trust Natural Gas ETF by 156.3% in the fourth quarter. D.A. Davidson & CO. now owns 45,042 shares of the company’s stock worth $1,054,000 after purchasing an additional 27,469 shares during the last quarter. UBS Group AG lifted its stake in First Trust Natural Gas ETF by 78.8% during the 4th quarter. UBS Group AG now owns 338,265 shares of the company’s stock valued at $7,919,000 after acquiring an additional 149,095 shares during the period. Riggs Asset Managment Co. Inc. purchased a new stake in shares of First Trust Natural Gas ETF during the 4th quarter valued at about $4,371,000. Brown Miller Wealth Management LLC bought a new stake in shares of First Trust Natural Gas ETF in the fourth quarter worth approximately $482,000. Finally, Sound Income Strategies LLC purchased a new position in shares of First Trust Natural Gas ETF during the fourth quarter valued at approximately $184,000.

First Trust Natural Gas ETF Stock Up 1.4%

Shares of FCG traded up $0.34 during trading hours on Thursday, reaching $25.47. 1,628,999 shares of the company traded hands, compared to its average volume of 1,156,468. First Trust Natural Gas ETF has a 12 month low of $18.81 and a 12 month high of $26.24. The company’s fifty day moving average price is $23.90 and its two-hundred day moving average price is $23.46. The company has a market capitalization of $508.13 million, a price-to-earnings ratio of 10.55 and a beta of 0.87.

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.