Verdicts genuinely change. Free email alert the moment FCG's does — no target price to set, unlike "Alert" above.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
First Trust Natural Gas ETF ETF · First Trust Exchange-Traded Fund
44 holdings · as of 2026-06-30 (3.4 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 102% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 52.48% of portfolio weight is in non-compliant holdings, over the 5% threshold.
44 holdings, 37 matched (91% of weight). Portfolio as of 2026-06-30, filed 2026-08-21. Source: SEC Form N-PORT.
0.36% of this portfolio’s income is non-permissible — weighted across holdings, computed over 89% of portfolio weight (36 of 44 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
39.9% compliant 0.0% questionable 51.3% non-compliant 8.9% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| WES WESTERN MIDSTREAM PARTNERS LP | NON_COMPLIANT | 4.91% | AAOIFI43.7% Usmani59.2% Dow Jones Islamic61.0% S&P Shariah68.0% MSCI Islamic59.1% MSCI Islamic M-Series68.0% FTSE Shariah57.9% |
| HESM HESS MIDSTREAM LP | NON_COMPLIANT | 4.83% | AAOIFI44.7% Usmani86.5% Dow Jones Islamic87.9% S&P Shariah105.7% MSCI Islamic86.5% MSCI Islamic M-Series105.7% FTSE Shariah86.5% |
| EOG EOG RESOURCES INC | COMPLIANT | 4.50% | AAOIFI10.8% Usmani15.1% Dow Jones Islamic12.6% S&P Shariah12.5% MSCI Islamic15.1% MSCI Islamic M-Series12.5% FTSE Shariah14.5% |
| COP CONOCOPHILLIPS | COMPLIANT | 4.33% | AAOIFI14.4% Usmani18.7% Dow Jones Islamic19.1% S&P Shariah18.8% MSCI Islamic18.7% MSCI Islamic M-Series18.8% FTSE Shariah18.7% |
| FANG DIAMONDBACK ENERGY INC | COMPLIANT | 4.03% | AAOIFI22.6% Usmani18.0% Dow Jones Islamic28.3% S&P Shariah31.9% MSCI Islamic18.0% MSCI Islamic M-Series31.9% FTSE Shariah18.0% |
| EQT EQT CORP | COMPLIANT | 4.02% | AAOIFI16.4% Usmani13.7% Dow Jones Islamic18.1% S&P Shariah21.8% MSCI Islamic13.7% MSCI Islamic M-Series21.8% FTSE Shariah13.7% |
| DVN DEVON ENERGY CORP | COMPLIANT | 3.97% | AAOIFI22.3% Usmani16.8% Dow Jones Islamic46.9% S&P Shariah45.5% MSCI Islamic16.7% MSCI Islamic M-Series45.5% FTSE Shariah16.1% |
| EXE EXPAND ENERGY CORP | COMPLIANT | 3.96% | AAOIFI22.5% Usmani17.3% Dow Jones Islamic22.5% S&P Shariah27.7% MSCI Islamic17.3% MSCI Islamic M-Series27.7% FTSE Shariah17.0% |
| OXY OCCIDENTAL PETROLEUM CORP | NON_COMPLIANT | 3.87% | AAOIFI24.4% Usmani19.4% Dow Jones Islamic31.4% S&P Shariah30.3% MSCI Islamic18.2% MSCI Islamic M-Series30.3% FTSE Shariah17.1% |
| PR PERMIAN RESOURCES CORP | COMPLIANT | 3.75% | AAOIFI16.0% Usmani17.0% Dow Jones Islamic25.3% S&P Shariah28.1% MSCI Islamic16.9% MSCI Islamic M-Series28.1% FTSE Shariah16.2% |
| OVV OVINTIV INC | NON_COMPLIANT | 3.57% | AAOIFI27.8% Usmani26.1% Dow Jones Islamic41.7% S&P Shariah41.7% MSCI Islamic25.5% MSCI Islamic M-Series41.7% FTSE Shariah19.2% |
| AR ANTERO RESOURCES CORP | NON_COMPLIANT | 3.50% | AAOIFI37.8% Usmani30.3% Dow Jones Islamic42.6% S&P Shariah46.0% MSCI Islamic30.3% MSCI Islamic M-Series46.0% FTSE Shariah17.2% |
| APA APA CORP | NON_COMPLIANT | 3.29% | AAOIFI25.9% Usmani21.6% Dow Jones Islamic42.6% S&P Shariah41.4% MSCI Islamic21.6% MSCI Islamic M-Series41.4% FTSE Shariah20.8% |
| RRC RANGE RESOURCES CORP | COMPLIANT | 3.29% | AAOIFI10.4% Usmani13.4% Dow Jones Islamic11.6% S&P Shariah12.0% MSCI Islamic13.4% MSCI Islamic M-Series12.0% FTSE Shariah11.5% |
| MTDR MATADOR RESOURCES COMPANY | NON_COMPLIANT | 3.09% | AAOIFI57.6% Usmani31.2% Dow Jones Islamic69.1% S&P Shariah66.4% MSCI Islamic31.2% MSCI Islamic M-Series66.4% FTSE Shariah31.2% |
| CNX CNX RESOURCES CORP | NON_COMPLIANT | 2.87% | AAOIFI42.4% Usmani26.0% Dow Jones Islamic47.9% S&P Shariah52.8% MSCI Islamic25.7% MSCI Islamic M-Series52.8% FTSE Shariah24.3% |
| NFG NATIONAL FUEL GAS COMPANY | NON_COMPLIANT | 2.73% | AAOIFI44.7% Usmani34.1% Dow Jones Islamic50.5% S&P Shariah57.4% MSCI Islamic34.1% MSCI Islamic M-Series57.4% FTSE Shariah34.1% |
| SM SM ENERGY COMPANY | NON_COMPLIANT | 2.72% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| CHRD CHORD ENERGY CORP | COMPLIANT | 2.68% | AAOIFI18.8% Usmani11.0% Dow Jones Islamic23.8% S&P Shariah23.8% MSCI Islamic11.0% MSCI Islamic M-Series23.8% FTSE Shariah10.8% |
| WDS WOODSIDE ENERGY GROUP LTD | NON_COMPLIANT | 2.63% | AAOIFI17.8% Usmani16.8% Dow Jones Islamic34.6% S&P Shariah34.0% MSCI Islamic16.8% MSCI Islamic M-Series34.0% FTSE Shariah16.8% |
| MIZUHO SECURITIES USA LLC | UNSCREENED | 2.36% | no in-house ratios for this holding |
| MUR MURPHY OIL CORP | NON_COMPLIANT | 2.35% | AAOIFI43.3% Usmani22.0% Dow Jones Islamic53.3% S&P Shariah47.5% MSCI Islamic22.0% MSCI Islamic M-Series47.5% FTSE Shariah15.1% |
| GPOR GULFPORT ENERGY CORP | NON_COMPLIANT | 2.15% | AAOIFI29.1% Usmani29.1% Dow Jones Islamic28.3% S&P Shariah30.4% MSCI Islamic29.1% MSCI Islamic M-Series30.4% FTSE Shariah29.1% |
| MGY MAGNOLIA OIL & GAS CORP | COMPLIANT | 2.11% | AAOIFI6.5% Usmani13.2% Dow Jones Islamic9.0% S&P Shariah9.4% MSCI Islamic13.2% MSCI Islamic M-Series9.4% FTSE Shariah12.5% |
| BTE BAYTEX ENERGY CORP | COMPLIANT | 2.04% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| CRESCENT ENERGY COMPANY | UNSCREENED | 2.02% | no in-house ratios for this holding |
| COMSTOCK RESOURCES INC | UNSCREENED | 1.73% | no in-house ratios for this holding |
| BKV BKV CORP | NON_COMPLIANT | 1.71% | AAOIFI42.7% Usmani29.5% Dow Jones Islamic56.5% S&P Shariahfail MSCI Islamic29.5% MSCI Islamic M-Seriesfail FTSE Shariah29.5% |
| NOG NORTHERN OIL & GAS INC | NON_COMPLIANT | 1.68% | AAOIFI98.7% Usmani46.8% Dow Jones Islamic104.4% S&P Shariah96.1% MSCI Islamic46.8% MSCI Islamic M-Series96.1% FTSE Shariah46.8% |
| VERMILION ENERGY INC | UNSCREENED | 1.50% | no in-house ratios for this holding |
| KOS KOSMOS ENERGY LTD | NON_COMPLIANT | 1.43% | AAOIFI162.1% Usmani62.3% Dow Jones Islamic221.3% S&P Shariah151.6% MSCI Islamic62.3% MSCI Islamic M-Series151.6% FTSE Shariah62.0% |
| DEC DIVERSIFIED ENERGY COMPANY | NON_COMPLIANT | 1.36% | AAOIFI369.3% Usmani48.5% Dow Jones Islamic303.4% S&P Shariah348.1% MSCI Islamic48.5% MSCI Islamic M-Series348.1% FTSE Shariah48.0% |
| WTI W & T OFFSHORE INC | NON_COMPLIANT | 1.12% | AAOIFI68.7% Usmani36.8% Dow Jones Islamic106.2% S&P Shariah98.5% MSCI Islamic36.8% MSCI Islamic M-Series98.5% FTSE Shariah36.6% |
| NUAI NEW ERA ENERGY & DIGITAL INC | NON_COMPLIANT | 1.11% | AAOIFI2.0% Usmani6.7% Dow Jones Islamic6.4% S&P Shariah6.8% MSCI Islamic6.7% MSCI Islamic M-Series6.8% FTSE Shariah6.7% |
| VTS VITESSE ENERGY INC | COMPLIANT | 0.97% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| REPX RILEY EXPLORATION PERMIAN INC | NON_COMPLIANT | 0.94% | AAOIFI28.8% Usmani21.1% Dow Jones Islamic42.8% S&P Shariah45.8% MSCI Islamic21.1% MSCI Islamic M-Series45.8% FTSE Shariah21.1% |
| OBSIDIAN ENERGY LTD | UNSCREENED | 0.88% | no in-house ratios for this holding |
| SD SANDRIDGE ENERGY INC | COMPLIANT | 0.67% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| RING ENERGY INC | UNSCREENED | 0.50% | no in-house ratios for this holding |
| PNRG PRIMEENERGY RESOURCES CORP | COMPLIANT | 0.48% | AAOIFI0.2% Usmani0.2% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic0.2% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| GRNT GRANITE RIDGE RESOURCES INC | NON_COMPLIANT | 0.32% | AAOIFI69.0% Usmani37.3% Dow Jones Islamic70.6% S&P Shariah70.0% MSCI Islamic37.3% MSCI Islamic M-Series70.0% FTSE Shariah37.3% |
| GTE GRAN TIERRA ENERGY INC | NON_COMPLIANT | 0.19% | AAOIFI167.2% Usmani39.8% Dow Jones Islamic293.8% S&P Shariah280.5% MSCI Islamic38.2% MSCI Islamic M-Series280.5% FTSE Shariah38.2% |
| INR INFINITY NATURAL RESOURCES INC | NON_COMPLIANT | 0.11% | AAOIFI1.6% Usmani0.6% Dow Jones Islamic1.4% S&P Shariahpass MSCI Islamic0.6% MSCI Islamic M-Seriespass FTSE Shariah0.5% |
| MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDS | UNSCREENED | 0.09% | no in-house ratios for this holding |
The published standards disagree about this fund by 28 points of portfolio weight — 69.4% of it passes Usmani, 41.5% passes Dow Jones Islamic. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 55.9% ratios fail on 33.2% 13.2% not rated under AAOIFI
ratios pass on 69.4% ratios fail on 19.7% 13.2% not rated under Usmani
ratios pass on 41.5% ratios fail on 47.6% 13.2% not rated under Dow Jones Islamic
ratios pass on 41.5% ratios fail on 47.6% 13.2% not rated under S&P Shariah
ratios pass on 69.4% ratios fail on 19.7% 13.2% not rated under MSCI Islamic
ratios pass on 41.5% ratios fail on 47.6% 13.2% not rated under MSCI Islamic M-Series
ratios pass on 69.4% ratios fail on 19.7% 13.2% not rated under FTSE Shariah
37 of 44 listed holdings carry our own per-methodology verdicts (93% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 36 (91% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| WES WESTERN MIDSTREAM PARTNERS LP | 4.91% |
| HESM HESS MIDSTREAM LP | 4.83% |
| OXY OCCIDENTAL PETROLEUM CORP | 3.87% |
| OVV OVINTIV INC | 3.57% |
| AR ANTERO RESOURCES CORP | 3.50% |
| APA APA CORP | 3.29% |
| MTDR MATADOR RESOURCES COMPANY | 3.09% |
| CNX CNX RESOURCES CORP | 2.87% |
| NFG NATIONAL FUEL GAS COMPANY | 2.73% |
| SM SM ENERGY COMPANY | 2.72% |
Methodology breakdown computing — it will appear here on its own.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
First Trust Natural Gas ETF (FCG) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
Computing the full ratio and business-activity breakdown for FCG — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 51.10 | NEUTRAL |
| Stochastic %K (14) | 78.50 | NEUTRAL |
| CCI (20) | 25.62 | NEUTRAL |
| Williams %R (14) | -21.50 | NEUTRAL |
| MACD (12,26,9) | 0.06 | BUY |
| ROC (10) | 2.50 | BUY |
| Momentum (10) | 0.73 | BUY |
| EMA (10) | 29.60 | BUY |
| SMA (10) | 29.28 | BUY |
| EMA (20) | 29.75 | BUY |
| SMA (20) | 29.76 | BUY |
| EMA (30) | 29.84 | BUY |
| SMA (30) | 30.32 | SELL |
| EMA (50) | 29.75 | BUY |
| SMA (50) | 30.09 | SELL |
| EMA (100) | 29.23 | BUY |
| SMA (100) | 29.00 | BUY |
| EMA (200) | 27.85 | BUY |
| SMA (200) | 28.21 | BUY |
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks, depositary receipts and MLP units and other securities that comprise the index. The index is designed to track the performance of mid and large capitalization companies that derive a substantial portion of their revenues from midstream activities and/or the exploration and production of natural gas.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 41 |
| ⏰ 4H | BULLISH | 36 |
| 🕐 1H | BULLISH | 98 |
| ⏱ 15-Min | RANGING | 130 |
| ⏲ 5-Min | BEARISH | 234 |
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
The questions worth asking about any verdict on this page, answered plainly.
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Still fetching insider filings — it ran past this page's budget, so the page painted without waiting. The fetch is still running; reload in a moment and it will be here.
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-06 · Asset managers net 906615 (+2612)
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.