First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sees Significant Increase in Short Interest

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the target of a significant increase in short interest during the month of 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 trading volume of 351,700 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Global Tactical Commodity Strategy Fund Trading Down 0.3 %

NASDAQ:FTGC traded down $0.08 during mid-day trading on Thursday, hitting $23.61. The stock had a trading volume of 792,945 shares, compared to its average volume of 495,105. The company’s 50 day simple moving average is $23.61 and its 200 day simple moving average is $23.51. First Trust Global Tactical Commodity Strategy Fund has a twelve month low of $22.03 and a twelve month high of $24.98.

First Trust Global Tactical Commodity Strategy Fund Announces Dividend

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

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

A number of institutional investors have recently modified their holdings of FTGC. US Bancorp DE grew its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 84.5% during the 3rd quarter. US Bancorp DE now owns 1,118 shares of the company’s stock worth $26,000 after purchasing an additional 512 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in First Trust Global Tactical Commodity Strategy Fund by 301.0% during the third quarter. Brown Brothers Harriman & Co. now owns 1,600 shares of the company’s stock worth $38,000 after buying an additional 1,201 shares in the last quarter. Zions Bancorporation N.A. bought a new position in First Trust Global Tactical Commodity Strategy Fund in the 2nd quarter valued at about $43,000. Values First Advisors Inc. acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter valued at approximately $46,000. Finally, Strategic Financial Concepts LLC lifted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 336.2% during the 2nd quarter. Strategic Financial Concepts LLC now owns 211,182 shares of the company’s stock worth $50,000 after acquiring an additional 162,773 shares during the period.

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.