First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Down 95.4% in January

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 23,359 shares, a drop of 95.4% from the December 31st total of 503,679 shares. Based on an average trading volume of 673,589 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 673,589 shares, the days-to-cover ratio is currently 0.0 days.

First Trust Global Tactical Commodity Strategy Fund Price Performance

NASDAQ:FTGC traded up $0.17 on Thursday, reaching $26.01. 629,061 shares of the company’s stock were exchanged, compared to its average volume of 675,624. The stock has a fifty day simple moving average of $24.95 and a 200-day simple moving average of $25.49. First Trust Global Tactical Commodity Strategy Fund has a 52 week low of $22.70 and a 52 week high of $27.57.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were given a dividend of $3.6647 per share. This is an increase 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 56.4%. The ex-dividend date was Tuesday, December 16th.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Institutional investors have recently added to or reduced their stakes in the stock. CW Advisors LLC bought a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the second quarter valued at about $19,922,000. IFP Advisors Inc lifted its stake in First Trust Global Tactical Commodity Strategy Fund by 2,744.4% in the 3rd quarter. IFP Advisors Inc now owns 344,766 shares of the company’s stock worth $8,929,000 after purchasing an additional 332,645 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in First Trust Global Tactical Commodity Strategy Fund by 3,409.6% in the 4th quarter. Farther Finance Advisors LLC now owns 314,844 shares of the company’s stock valued at $7,314,000 after purchasing an additional 305,873 shares during the period. LexAurum Advisors LLC purchased a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the 2nd quarter valued at $7,390,000. Finally, Flow Traders U.S. LLC bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the second quarter worth $6,692,000.

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.