First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Up 144.3% in February

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 346,466 shares, a growth of 144.3% from the February 12th total of 141,846 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 461,881 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 461,881 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the company’s shares are short sold.

First Trust Global Tactical Commodity Strategy Fund Trading Down 0.3%

FTGC traded down $0.08 on Friday, reaching $28.86. 1,072,363 shares of the company traded hands, compared to its average volume of 686,407. First Trust Global Tactical Commodity Strategy Fund has a one year low of $22.70 and a one year high of $29.00. The firm has a fifty day simple moving average of $25.21 and a two-hundred day simple moving average of $25.63.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were paid a dividend of $3.6647 per share. 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 dividend yield of 50.8%. The ex-dividend date of this dividend was Tuesday, December 16th.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

A number of large investors have recently modified their holdings of FTGC. CENTRAL TRUST Co purchased a new position in First Trust Global Tactical Commodity Strategy Fund during the 3rd quarter worth $26,000. Versant Capital Management Inc purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter worth $35,000. Elevated Capital Advisors LLC bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the 4th quarter worth $41,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of 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 valued at $42,000 after buying an additional 1,678 shares during the period. Finally, Ameriflex Group Inc. purchased a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the third quarter valued at $48,000.

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