First Trust Natural Gas ETF(FCG · ETF)

ETF quote, holdings, sector allocation, technicals, and options analytics.

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FCG $31.43
Snapshot
$31.43
52-Week Range
$21.76 – $33.03
YTD
+31.89%
IV Rank (30D)
0
Straddle Price
$2.53
P/C Vol Ratio
0.46
Info

First Trust Natural Gas ETF (FCG) ETF

Exchange
ARCX
Inception
2007-05-08
Has Options
Yes
ETF Profile
holdings as of 2026-12-31
Holdings
43
AUM
$874.9M
Provider
Nport
Inception
2007-05-08
Exchange
ARCX
Data As Of
2026-12-31
Expense Ratio
Dividend Yield
2.02%
Distribution
Quarterly
Recent distributions
Ex-Date Pay Date Amount Type
2026-06-25 2026-06-30 $0.1528 CD
2026-03-26 2026-03-31 $0.1458 CD
2025-12-12 2025-12-31 $0.1664 CD
2025-09-25 2025-09-30 $0.1713 CD
2025-06-26 2025-06-30 $0.1557 CD
2025-03-27 2025-03-31 $0.1764 CD
Asset Allocation
Top Holdings
top 43 of 43 holdings
Symbol Name Weight % Asset Class Country
OXY Occidental Petroleum Corp. 4.66% Equity (common) US
EOG EOG Resources Inc. 4.62% Equity (common) US
COP ConocoPhillips 4.62% Equity (common) US
FANG Diamondback Energy Inc 4.20% Equity (common) US
DVN Devon Energy Corporation 4.15% Equity (common) US
APA APA Corp. 4.10% Equity (common) US
EQT EQT Corporation 4.06% Equity (common) US
HESM Hess Midstream LP 3.99% Equity (common) US
WES Western Midstream Partners LP 3.93% Equity (common) US
CTRA Coterra Energy Inc 3.87% Equity (common) US
PR Permian Resources Corp 3.80% Equity (common) US
AR Antero Resources Corporation 3.64% Equity (common) US
OVV Ovintiv Inc 3.57% Equity (common) US
EXE Expand Energy Corp. 3.54% Equity (common) US
SM SM Energy Co. 3.22% Equity (common) US
RRC Range Resources Corp. 3.09% Equity (common) US
MTDR Matador Resources Company 3.07% Equity (common) US
WDS Woodside Energy Group Ltd. 3.04% Equity (common) AU
CHRD Chord Energy Corp. 2.85% Equity (common) US
MUR Murphy Oil Corporation 2.57% Equity (common) US
RBC DOMINION SECURITIES INC. 2.55% Repurchase agreement US
CNX CNX Resources Corporation 2.51% Equity (common) US
NFG National Fuel Gas Company 2.36% Equity (common) US
BTE Baytex Energy Corp. 2.28% Equity (common) CA
CRK Comstock Resources, Inc. 1.99% Equity (common) US
MGY MAGNOLIA OIL & GAS CORP 1.85% Equity (common) US
GPOR GULFPORT ENERGY CORP 1.76% Equity (common) US
CRGY CRESCENT ENERGY CO 1.64% Equity (common) US
NOG Northern Oil And Gas, Inc. 1.61% Equity (common) US
VET Vermilion Energy Inc. 1.53% Equity (common) CA
KOS Kosmos Energy Ltd 1.30% Equity (common) US
DEC DIVERSIFIED ENERGY COMPANY 1.24% Equity (common) US
BKV BKV Corporation 1.19% Equity (common) US
NUAI NEW ERA ENERGY & DIGITAL INC 0.77% Equity (common) US
VTS VITESSE ENERGY INC 0.72% Equity (common) US
REPX Riley Exploration Permian Inc. 0.69% Equity (common) US
SD Sandridge Energy, Inc. 0.61% Equity (common) US
J.P. MORGAN SECURITIES LLC 0.40% Repurchase agreement US
PNRG Primeenergy Resources Corporation 0.40% Equity (common) US
OBE Obsidian Energy Ltd 0.39% Equity (common) CA
GRNT Granite Ridge Resources Inc 0.25% Equity (common) US
Morgan Stanley Institutional Liquidity Funds 0.16% Short-term investment US
WTI W & T Offshore Inc. 0.14% Equity (common) US
Geographic Breakdown
Non-Equity Breakdown
First Trust Natural Gas ETF · NPORT-P period 2026-12-31 (filed 2026-05-28)
Net assets: $850M · 43 total positions · equity 99.82% · non-equity 3.10%
Non-equity holdings — 3 positions, 3.10% of NAV
Category Weight Value Positions
Repurchase agreement 2.94% $25.0M 2
Short-term investment 0.16% $1.4M 1
Chart
Seasonality
MonthAvg ReturnYears of Data
Jan -0.17% 19
Feb +0.69% 19
Mar +0.17% 19
Apr +7.90% 19
May +0.21% 20
Jun -1.78% 20
Jul -1.56% 20
Aug -0.95% 20
Sep -1.13% 20
Oct -0.95% 19
Nov -0.02% 19
Dec -2.53% 19
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $30.83
SMA 50: $29.01
SMA 200: $27.79
Current: $31.43
EMA 12: $31.18
EMA 26: $30.46
MACD: 0.7207 | Signal: 0.0091
BULLISH
ADX (14): 23.09
WEAK TREND
+DI: 29.58
−DI: 21.21

Momentum Oscillators

RSI (14): 60.55
NEUTRAL
Stoch %K: 79.79
Stoch %D: 85.45
Williams %R: -36.02

Volume & Volatility

BB Upper: $32.28
BB Lower: $29.38
NEUTRAL
OBV: 29,789,743
Vol SMA 20: 735,312
Vol ROC: -13.48%
ATR: $0.67
True Range: $0.68
HV 20: 24.7%
HV 30: 29.9%
HV 60: 28.1%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-09-09T00:00:00 – 2026-09-04T00:00:00
AI Analysis

Choose Frenzy-Fast™ for quick analysis or Frenzy-Pro™ for comprehensive analysis.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

News
Options Activity
IV Rank (30D)
0
IV Rank (7D)
36.35
Avg IV
33.3%
Straddle (30D)
$2.53
Straddle (7D)
$1.50
P/C Volume
0.46
Spread Scanner GPU

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
pts EXTREME
ATM — / Wing —
30 DTE / 10d
pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Beta (1Y vs SPY)
-0.31
Correlation (SPY)
-14.5%
0.02
Ann. Volatility
27.9%
SPY Volatility
12.8%

Negative beta - stock moves opposite to market

Beta & Alpha Over Time
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month