First Trust Natural Gas ETF (NYSEARCA:FCG) Stock Price Down 0.5% – Here’s Why

Shares of First Trust Natural Gas ETF (NYSEARCA:FCG) fell 0.5% during trading on Friday . The stock traded as low as $29.09 and last traded at $29.13. 914,498 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 1,120,713 shares. The stock had previously closed at $29.29.

First Trust Natural Gas ETF Price Performance

The stock has a market capitalization of $642.32 million, a PE ratio of 10.55 and a beta of 0.45. The stock’s 50 day simple moving average is $28.21 and its two-hundred day simple moving average is $28.09.

Hedge Funds Weigh In On First Trust Natural Gas ETF

Several institutional investors have recently bought and sold shares of the company. Gendell Jeffrey L grew its holdings in First Trust Natural Gas ETF by 396.8% during the fourth quarter. Gendell Jeffrey L now owns 943,874 shares of the company’s stock valued at $22,096,000 after purchasing an additional 753,874 shares during the period. Financial Sense Advisors Inc. raised its stake in shares of First Trust Natural Gas ETF by 370.7% in the third quarter. Financial Sense Advisors Inc. now owns 536,663 shares of the company’s stock valued at $12,606,000 after buying an additional 422,638 shares during the period. Guardian Partners Inc. lifted its position in shares of First Trust Natural Gas ETF by 451.8% during the 1st 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 last quarter. Royal Bank of Canada lifted its position in shares of First Trust Natural Gas ETF by 124.1% during the 1st quarter. Royal Bank of Canada now owns 462,206 shares of the company’s stock valued at $14,646,000 after buying an additional 255,916 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of First Trust Natural Gas ETF during the 3rd quarter valued at $5,905,000.

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.