Underscoring the acute weakness faced by natural gas stocks, the First Trust ISE-Revere Natural Gas Index Fund (NYSE: FCG) is off 70.7 percent over the past year. That performance is 1,650 basis points worse than the futures-based United States Natural Gas Fund (NYSE: UNG).
To its credit, FCG is up a third of a percent over the past month, but the exchange traded fund closed last Friday at $3.36. As has been previously noted in this space, that's a price point where a reverse split becomes a legitimate possibility, though it must be noted First Trust has not made any announcements to that effect regarding FCG.
Even with FCG down so much over the past year and sporting a cup of coffee handle, short sales data imply ...
/www.benzinga.com/news/16/02/6483696/shorts-still-love-this-etfs-holdings alt=Shorts Still Love This ETF's Holdings>Full story available on Benzinga.com
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