First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Up 166.0% in February

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 640,500 shares, an increase of 166.0% from the February 13th total of 240,800 shares. Based on an average trading volume of 506,000 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.7% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 6.7% during the 4th quarter. Wells Fargo & Company MN now owns 36,948,435 shares of the company’s stock worth $884,176,000 after buying an additional 2,326,568 shares during the last quarter. Total Investment Management Inc. raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 3.5% during the 4th quarter. Total Investment Management Inc. now owns 1,963,530 shares of the company’s stock worth $46,987,000 after buying an additional 66,282 shares during the last quarter. Cyndeo Wealth Partners LLC raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 4.0% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 850,853 shares of the company’s stock worth $20,361,000 after buying an additional 33,089 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the 4th quarter worth $18,836,000. Finally, Commonwealth Equity Services LLC raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 3.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 757,528 shares of the company’s stock worth $18,128,000 after buying an additional 25,009 shares during the last quarter.

First Trust Global Tactical Commodity Strategy Fund Price Performance

First Trust Global Tactical Commodity Strategy Fund stock traded up $0.02 during midday trading on Friday, reaching $25.12. The company’s stock had a trading volume of 493,178 shares, compared to its average volume of 438,762. First Trust Global Tactical Commodity Strategy Fund has a fifty-two week low of $22.22 and a fifty-two week high of $25.97. The stock’s 50 day simple moving average is $25.04 and its 200 day simple moving average is $24.06.

First Trust Global Tactical Commodity Strategy Fund Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.1846 per share. The ex-dividend date of this dividend was 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.