Shares of First Trust Natural Gas ETF (NYSEARCA:FCG) fell 5.1% on Wednesday . The stock traded as low as $10.70 and last traded at $10.79, 895,728 shares were traded during mid-day trading. An increase of 240% from the average session volume of 263,732 shares. The stock had previously closed at $11.37.
The business has a 50 day moving average of $13.01.
A number of hedge funds have recently bought and sold shares of FCG. Cumberland Advisors Inc. bought a new position in First Trust Natural Gas ETF in the 2nd quarter worth approximately $3,141,000. BNP Paribas Arbitrage SA bought a new position in First Trust Natural Gas ETF in the 2nd quarter worth approximately $1,345,000. Bank of America Corp DE boosted its stake in First Trust Natural Gas ETF by 415.7% in the 4th quarter. Bank of America Corp DE now owns 73,089 shares of the company’s stock worth $1,074,000 after purchasing an additional 58,917 shares during the period. Resources Investment Advisors LLC. raised its holdings in shares of First Trust Natural Gas ETF by 105.9% during the 2nd quarter. Resources Investment Advisors LLC. now owns 29,300 shares of the company’s stock worth $424,000 after acquiring an additional 15,072 shares in the last quarter. Finally, Cutler Group LP purchased a new stake in shares of First Trust Natural Gas ETF during the 1st quarter worth approximately $191,000.
First Trust Natural Gas ETF Company Profile (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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