Unusual Options Trading Activity in First Trust Natural Gas ETF (NYSEARCA:FCG)

The First Trust Natural Gas ETF (NYSEARCA:FCG) recently experienced a notable spike in options trading activity. On Thursday, investors bought a remarkable 2,108 call options, which marks a staggering increase of around 4,033% compared to the average volume of just 51 call options.

Institutional Inflows and Outflows

In recent months, several hedge funds have adjusted their stakes in the First Trust Natural Gas ETF. For instance, First Personal Financial Services made a new investment in the ETF during the third quarter, spending approximately $25,000. Additionally, International Assets Investment Management LLC acquired shares valued at around $49,000 in the second quarter. Larson Financial Group LLC increased its shareholding by 33.4% during the third quarter, bringing its total to 2,475 shares worth about $59,000 after adding 620 shares. Daiwa Securities Group Inc. also raised its holdings by 23.9% in the third quarter to own 8,300 shares valued at $197,000, following the purchase of an additional 1,600 shares. Finally, Pekin Hardy Strauss Inc. entered the market with a new investment in the second quarter, valued at approximately $202,000.

First Trust Natural Gas ETF Price Performance

As of Friday, NYSEARCA FCG opened at $25.18. The ETF holds a market capitalization of approximately $397.84 million, with a price-to-earnings ratio of 5.60 and a beta of 0.65. The fifty-day moving average stands at $24.74, while the 200-day moving average is $25.00. Over the past year, the ETF has fluctuated between a low of $22.42 and a high of $28.72.

About First Trust Natural Gas ETF

This ETF aims to track the performance of the ISE-Revere Natural Gas Index, which comprises companies heavily involved in the exploration and production of natural gas. The index is equally weighted, allowing for a diverse representation of the industry.

Conclusion

The recent surge in options trading and the active adjustments by institutional investors suggest a strong interest in the First Trust Natural Gas ETF, reflecting potential market movements and investor sentiment.

ETF, Options, Trading, Investors, Market