First Trust Natural Gas ETF (NYSEARCA:FCG) Shares Down 2.3% – What’s Next?

First Trust Natural Gas ETF (NYSEARCA:FCG) shares fell 2.3% during trading on Monday . The stock traded as low as $22.65 and last traded at $23.27. 2,030,431 shares changed hands during mid-day trading, an increase of 41% from the average session volume of 1,438,966 shares. The stock had previously closed at $23.83.

First Trust Natural Gas ETF Trading Down 2.3%

The company has a market cap of $442.13 million, a price-to-earnings ratio of 10.55 and a beta of 0.87. The stock’s 50 day moving average price is $23.62 and its 200 day moving average price is $23.42.

Hedge Funds Weigh In On First Trust Natural Gas ETF

A number of large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC purchased a new stake in shares of First Trust Natural Gas ETF during the 3rd quarter valued at $37,000. IFP Advisors Inc boosted its holdings in First Trust Natural Gas ETF by 95.2% in the second quarter. IFP Advisors Inc now owns 3,075 shares of the company’s stock valued at $71,000 after acquiring an additional 1,500 shares during the last quarter. Larson Financial Group LLC boosted its holdings in 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 valued at $88,000 after acquiring an additional 1,040 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in First Trust Natural Gas ETF during the third quarter valued at about $221,000. Finally, PACK Private Wealth LLC purchased a new stake in First Trust Natural Gas ETF during the third quarter valued at about $232,000.

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.