FCG’s top-10 holdings include Quicksilver Resources (NYSE: KWK), Magnum Hunter (NYSE: MHR) and Stone Energy (NYSE: SGY). The ETF is also home to some names that have previously been rumored to be acquisition targets including Anadarko Petroleum (NYSE: APC) and Range Resources (NYSE: RRC). [Nat Gas ETF Races to Two-Week High]
While FCG has traded higher by 6.2% in the past month, the fund had spent much of 2013 locked in a $2 range between $15.50 and $17.50. The ETF’s recent breakout and ongoing ability to find support at $19.50 could be a sign it is ready to attack its 2011 high around $22.
First Trust ISE-Revere Natural Gas Index Fund
