First Trust Natural Gas ETF (NYSEARCA:FCG) Short Interest Down 46.3% in June

First Trust Natural Gas ETF (NYSEARCA:FCG) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 94,004 shares, a decline of 46.3% from the May 31st total of 175,093 shares. Based on an average daily trading volume, of 893,668 shares, the short-interest ratio is currently 0.1 days. Currently, 0.4% of the shares of the stock are short sold.

First Trust Natural Gas ETF Trading Down 0.6%

Shares of FCG stock opened at $26.58 on Tuesday. The stock has a market cap of $663.17 million, a P/E ratio of 10.55 and a beta of 0.45. The stock has a 50 day simple moving average of $29.13 and a 200 day simple moving average of $27.59. First Trust Natural Gas ETF has a 1 year low of $21.76 and a 1 year high of $33.03.

Hedge Funds Weigh In On First Trust Natural Gas ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Western Wealth Management LLC bought a new stake in shares of First Trust Natural Gas ETF during the 1st quarter valued at $60,000. JTC Employer Solutions Trustee Ltd bought a new position in shares of First Trust Natural Gas ETF in the first quarter worth $114,000. Larson Financial Group LLC increased its position in shares of First Trust Natural Gas ETF by 38.4% in the third quarter. Larson Financial Group LLC now owns 3,745 shares of the company’s stock worth $88,000 after purchasing an additional 1,040 shares during the period. IFP Advisors Inc raised its stake in First Trust Natural Gas ETF by 254.0% in the fourth quarter. IFP Advisors Inc now owns 5,575 shares of the company’s stock valued at $131,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Kestra Private Wealth Services LLC acquired a new position in First Trust Natural Gas ETF in the first quarter valued at about $201,000.

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.