First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Up 15.2% in June

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 76,500 shares, a growth of 15.2% from the May 31st total of 66,400 shares. Based on an average daily volume of 413,700 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On First Trust Global Tactical Commodity Strategy Fund

Hedge funds have recently added to or reduced their stakes in the business. Capital Wealth Alliance LLC lifted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 6.7% in the 4th quarter. Capital Wealth Alliance LLC now owns 24,890 shares of the company’s stock worth $559,000 after purchasing an additional 1,569 shares during the period. Global Retirement Partners LLC lifted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 22.6% in the 4th quarter. Global Retirement Partners LLC now owns 14,510 shares of the company’s stock worth $326,000 after purchasing an additional 2,675 shares during the period. Clarus Wealth Advisors acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the 4th quarter worth approximately $893,000. Mainsail Financial Group LLC lifted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 7.1% in the 4th quarter. Mainsail Financial Group LLC now owns 266,718 shares of the company’s stock worth $5,962,000 after purchasing an additional 17,674 shares during the period. Finally, Financial Enhancement Group LLC lifted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 15.1% in the 4th quarter. Financial Enhancement Group LLC now owns 10,091 shares of the company’s stock worth $226,000 after purchasing an additional 1,327 shares during the period.

First Trust Global Tactical Commodity Strategy Fund Trading Up 0.6 %

Shares of First Trust Global Tactical Commodity Strategy Fund stock traded up $0.15 during midday trading on Wednesday, hitting $24.25. 10,359 shares of the company traded hands, compared to its average volume of 561,178. The firm’s fifty day moving average price is $24.18 and its 200-day moving average price is $23.56. First Trust Global Tactical Commodity Strategy Fund has a 12 month low of $22.03 and a 12 month high of $25.06.

First Trust Global Tactical Commodity Strategy Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a dividend of $0.1955 per share. The ex-dividend date was Thursday, June 27th. This represents a $0.78 annualized dividend and a yield of 3.22%.

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.