It is no secret that Natural Gas prices have fallen sharply over the past several years (with Gas prices looking like they will dip below $2 lately), and recently selling pressure has accelerated in related equity names as measured by First Trust ISE Revere Natural Gas (NYSEArca: FCG), which has declined nearly 10% just in the past month, and is trading at its lowest level since last October.
Recently we highlighted Natural Gas futures related “Bull” and “Bear” products, which presents the opportunity today to delve into Gas related equity funds as well. [ETF Chart of the Day: Natural Gas]
To put the natural gas sell-off context, FCG was as high as $19.41 a share in mid-March but has fallen sharply to below $17 as of today.
Top holdings in FCG are SGY (4.14%), XEC (3.99%), MUR (3.95%), SD (3.82%), and TLM (3.74%).