First Trust Natural Gas ETF (NYSEARCA:FCG) Stock Price Up 11.2%

First Trust Natural Gas ETF (NYSEARCA:FCG)’s stock price rose 11.2% on Monday . The company traded as high as $13.65 and last traded at $13.55, approximately 2,117,335 shares traded hands during trading. An increase of 601% from the average daily volume of 302,137 shares. The stock had previously closed at $12.19.

The stock’s 50 day simple moving average is $11.54 and its two-hundred day simple moving average is $14.60.

Hedge funds have recently modified their holdings of the company. U S Global Investors Inc. purchased a new position in shares of First Trust Natural Gas ETF in the 2nd quarter valued at $85,000. Daiwa Securities Group Inc. raised its stake in shares of First Trust Natural Gas ETF by 17.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 9,400 shares of the company’s stock valued at $136,000 after acquiring an additional 1,400 shares during the period. Cutler Group LP purchased a new position in shares of First Trust Natural Gas ETF in the 1st quarter valued at $191,000. LPL Financial LLC increased its stake in First Trust Natural Gas ETF by 19.8% during the 2nd quarter. LPL Financial LLC now owns 15,306 shares of the company’s stock worth $222,000 after buying an additional 2,527 shares during the period. Finally, Cetera Advisors LLC increased its stake in First Trust Natural Gas ETF by 42.0% during the 1st quarter. Cetera Advisors LLC now owns 15,823 shares of the company’s stock worth $275,000 after buying an additional 4,679 shares during the period.



About First Trust Natural Gas ETF (NYSEARCA:FCG)

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.

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