First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Update

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) saw a large growth in short interest in December. As of December 31st, there was short interest totaling 503,679 shares, a growth of 831.2% from the December 15th total of 54,092 shares. Based on an average daily trading volume, of 888,447 shares, the short-interest ratio is presently 0.6 days. Approximately 0.6% of the shares of the stock are sold short. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 888,447 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. CENTRAL TRUST Co purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the third quarter valued at $26,000. Crewe Advisors LLC purchased a new position in First Trust Global Tactical Commodity Strategy Fund in the 2nd quarter worth about $27,000. Creative Financial Designs Inc. ADV raised its holdings in First Trust Global Tactical Commodity Strategy Fund by 1,895.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,197 shares of the company’s stock worth $30,000 after buying an additional 1,137 shares during the period. Versant Capital Management Inc acquired a new stake in First Trust Global Tactical Commodity Strategy Fund during the 3rd quarter worth about $35,000. Finally, Ameriflex Group Inc. purchased a new stake in First Trust Global Tactical Commodity Strategy Fund during the third quarter valued at about $48,000.

First Trust Global Tactical Commodity Strategy Fund Trading Up 1.1%

Shares of First Trust Global Tactical Commodity Strategy Fund stock opened at $23.90 on Tuesday. First Trust Global Tactical Commodity Strategy Fund has a 52 week low of $22.70 and a 52 week high of $27.57. The company’s 50-day moving average price is $25.49 and its two-hundred day moving average price is $25.54.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors 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 yield of 61.3%. The ex-dividend date of this dividend was Tuesday, December 16th.

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