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

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 76,900 shares, an increase of 324.9% from the November 30th total of 18,100 shares. Based on an average daily volume of 351,700 shares, the days-to-cover ratio is presently 0.2 days.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Total Investment Management Inc. bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the 2nd quarter valued at $43,857,000. Arvest Investments Inc. raised its position in First Trust Global Tactical Commodity Strategy Fund by 456,448.6% in the third quarter. Arvest Investments Inc. now owns 337,846 shares of the company’s stock valued at $8,004,000 after purchasing an additional 337,772 shares during the last quarter. Prospera Financial Services Inc boosted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 226.8% during the third quarter. Prospera Financial Services Inc now owns 287,825 shares of the company’s stock valued at $6,819,000 after purchasing an additional 199,747 shares in the last quarter. Strategic Financial Concepts LLC grew its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 336.2% during the second quarter. Strategic Financial Concepts LLC now owns 211,182 shares of the company’s stock worth $50,000 after purchasing an additional 162,773 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 1,565.1% in the third quarter. International Assets Investment Management LLC now owns 155,503 shares of the company’s stock valued at $36,840,000 after buying an additional 146,164 shares during the period.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

First Trust Global Tactical Commodity Strategy Fund stock traded down $0.02 during midday trading on Friday, reaching $23.59. The company’s stock had a trading volume of 502,598 shares, compared to its average volume of 495,135. First Trust Global Tactical Commodity Strategy Fund has a 52 week low of $22.03 and a 52 week high of $24.98. The business has a 50-day moving average price of $23.62 and a 200-day moving average price of $23.51.

First Trust Global Tactical Commodity Strategy Fund Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a dividend of $0.1846 per share. The ex-dividend date is Tuesday, December 17th.

First Trust Global Tactical Commodity Strategy Fund Company Profile

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.