Short Interest in First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Grows By 118.1%

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 18,100 shares, an increase of 118.1% from the November 15th total of 8,300 shares. Based on an average daily volume of 338,800 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Global Tactical Commodity Strategy Fund Trading Down 0.2 %

FTGC stock opened at $24.00 on Friday. The company has a fifty day moving average price of $23.65 and a 200 day moving average price of $23.55. First Trust Global Tactical Commodity Strategy Fund has a 12 month low of $22.03 and a 12 month high of $24.98.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.1867 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. US Bancorp DE boosted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 84.5% in the third quarter. US Bancorp DE now owns 1,118 shares of the company’s stock valued at $26,000 after acquiring an additional 512 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 301.0% in the third quarter. Brown Brothers Harriman & Co. now owns 1,600 shares of the company’s stock valued at $38,000 after acquiring an additional 1,201 shares in the last quarter. Zions Bancorporation N.A. purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the second quarter valued at about $43,000. Values First Advisors Inc. acquired a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the third quarter valued at about $46,000. Finally, Strategic Financial Concepts LLC lifted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 336.2% in the second quarter. Strategic Financial Concepts LLC now owns 211,182 shares of the company’s stock valued at $50,000 after purchasing 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.