An ETF that invests in natural gas producers has rallied above its 50-day moving average on speculation the commodity has finally hit bottom and that companies will benefit from higher prices.

First Trust ISE-Revere Natural Gas Index Fund (NYSEArca: FCG) was on a seven-day winning streak heading into Wednesday’s action, gaining about 10% during the period. [ETF Chart of the Day: Natural Gas Producers]

FCG is different from most natural gas exchange traded products because it follows stocks, rather than natural gas futures. [ETFs for Natural Gas]

Because it invests in producers, FCG avoids some of the issues that can impact natural gas futures products, such as contango and premiums to net asset value. [Natural Gas ETN Premium Tops 100%]

Natural gas prices bounced during the second half of April and investors are wondering if the commodity is poised to recover after trending steadily lower for several years.

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