Short Interest in First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Declines By 46.8%

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the target of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 141,846 shares, a decline of 46.8% from the January 29th total of 266,803 shares. Based on an average daily volume of 669,905 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 669,905 shares, the short-interest ratio is presently 0.2 days.

First Trust Global Tactical Commodity Strategy Fund Trading Up 1.1%

FTGC stock traded up $0.29 during mid-day trading on Friday, hitting $25.53. 477,069 shares of the company were exchanged, compared to its average volume of 637,322. First Trust Global Tactical Commodity Strategy Fund has a 1-year low of $22.70 and a 1-year high of $27.57. The business has a 50 day simple moving average of $24.38 and a 200-day simple moving average of $25.45.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were paid a dividend of $3.6647 per share. The ex-dividend date was Tuesday, December 16th. This is a boost from First Trust Global Tactical Commodity Strategy Fund’s previous quarterly dividend of $0.16. This represents a $14.66 annualized dividend and a yield of 57.4%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FTGC. CENTRAL TRUST Co acquired a new position in First Trust Global Tactical Commodity Strategy Fund in the third quarter valued at approximately $26,000. Creative Financial Designs Inc. ADV increased its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 1,895.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,197 shares of the company’s stock valued at $30,000 after acquiring an additional 1,137 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the 3rd quarter valued at $35,000. Elevated Capital Advisors LLC bought a new position in First Trust Global Tactical Commodity Strategy Fund during the fourth quarter worth $41,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in First Trust Global Tactical Commodity Strategy Fund by 1,207.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,817 shares of the company’s stock worth $42,000 after acquiring an additional 1,678 shares in the last quarter.

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. FTGC was launched on Oct 23, 2013 and is managed by First Trust.