First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Update

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 180,700 shares, an increase of 17.1% from the June 30th total of 154,300 shares. Based on an average daily volume of 364,600 shares, the short-interest ratio is currently 0.5 days.

First Trust Global Tactical Commodity Strategy Fund Trading Down 0.1 %

First Trust Global Tactical Commodity Strategy Fund stock opened at $22.81 on Wednesday. First Trust Global Tactical Commodity Strategy Fund has a 12 month low of $22.03 and a 12 month high of $25.06. The business’s 50 day simple moving average is $24.00 and its 200 day simple moving average is $23.71.

First Trust Global Tactical Commodity Strategy Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were paid a $0.1955 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.78 annualized dividend and a yield of 3.43%.

Hedge Funds Weigh In On First Trust Global Tactical Commodity Strategy Fund

Several institutional investors have recently bought and sold shares of FTGC. PNC Financial Services Group Inc. lifted its stake in First Trust Global Tactical Commodity Strategy Fund by 206.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,498 shares of the company’s stock valued at $34,000 after purchasing an additional 1,009 shares during the last quarter. Register Financial Advisors LLC purchased a new position in First Trust Global Tactical Commodity Strategy Fund in the first quarter valued at approximately $41,000. Tower Research Capital LLC TRC lifted its stake in First Trust Global Tactical Commodity Strategy Fund by 6,363.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,327 shares of the company’s stock valued at $52,000 after purchasing an additional 2,291 shares during the last quarter. Accordant Advisory Group Inc bought a new stake in First Trust Global Tactical Commodity Strategy Fund during the 1st quarter valued at $77,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in First Trust Global Tactical Commodity Strategy Fund during the 2nd quarter valued at $96,000.

About First Trust Global Tactical Commodity Strategy Fund

The First Trust Global Tactical Commodity Strategy Fund (FTGC) is an exchange-traded fund that is based on the Benchmark for FTGC Fund index. The fund is an actively managed fund that, through a subsidiary, provides broad exposure to commodities through futures contracts. The fund is structured as a 1940 Act open-ended fund.