Investors Buy High Volume of Call Options on First Trust Natural Gas ETF (NYSEARCA:FCG)

First Trust Natural Gas ETF (NYSEARCA:FCG) was the recipient of some unusual options trading activity on Thursday. Traders purchased 2,108 call options on the stock. This is an increase of 4,033% compared to the typical daily volume of 51 call options.

Institutional Investors Weigh In On First Trust Natural Gas ETF

Several large investors have recently made changes to their positions in FCG. Raymond James & Associates raised its position in First Trust Natural Gas ETF by 132.4% in the third quarter. Raymond James & Associates now owns 916,711 shares of the company’s stock worth $21,772,000 after acquiring an additional 522,241 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of First Trust Natural Gas ETF in the second quarter worth approximately $663,000. HighTower Advisors LLC acquired a new stake in shares of First Trust Natural Gas ETF during the 3rd quarter valued at $467,000. JPMorgan Chase & Co. purchased a new position in First Trust Natural Gas ETF in the third quarter valued at about $299,000. Finally, Wealth Effects LLC acquired a new position in First Trust Natural Gas ETF in the third quarter worth approximately $255,000.

First Trust Natural Gas ETF Stock Performance

Shares of NYSEARCA:FCG opened at $25.11 on Friday. The stock has a market capitalization of $396.74 million, a price-to-earnings ratio of 5.60 and a beta of 0.65. First Trust Natural Gas ETF has a 1-year low of $22.42 and a 1-year high of $28.72. The company’s fifty day moving average is $24.72 and its two-hundred day moving average is $25.01.

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.