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

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

First Trust Natural Gas ETF Price Performance

FCG opened at $25.11 on Friday. The company has a 50 day simple moving average of $24.72 and a two-hundred day simple moving average of $25.01. The firm has a market cap of $396.74 million, a P/E 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.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FCG. First Personal Financial Services bought a new stake in First Trust Natural Gas ETF in the third quarter worth $25,000. International Assets Investment Management LLC bought a new stake in First Trust Natural Gas ETF during the second quarter worth approximately $49,000. Larson Financial Group LLC increased its stake in First Trust Natural Gas ETF by 33.4% during the third quarter. Larson Financial Group LLC now owns 2,475 shares of the company’s stock worth $59,000 after acquiring an additional 620 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of First Trust Natural Gas ETF by 23.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 8,300 shares of the company’s stock valued at $197,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. bought a new position in shares of First Trust Natural Gas ETF during the 2nd quarter valued at approximately $202,000.

First Trust Natural Gas ETF Company Profile

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.