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

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 266,803 shares, a growth of 1,042.2% from the January 15th total of 23,359 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 704,388 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 704,388 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the company’s stock are sold short.

First Trust Global Tactical Commodity Strategy Fund Stock Up 1.0%

Shares of FTGC stock traded up $0.26 during trading hours on Wednesday, reaching $24.91. The company had a trading volume of 363,675 shares, compared to its average volume of 706,888. First Trust Global Tactical Commodity Strategy Fund has a 12 month low of $22.70 and a 12 month high of $27.57. The business has a fifty day simple moving average of $24.61 and a 200-day simple moving average of $25.46.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were given a dividend of $3.6647 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This is an increase from First Trust Global Tactical Commodity Strategy Fund’s previous quarterly dividend of $0.16. This represents a $14.66 dividend on an annualized basis and a dividend yield of 58.9%.

Hedge Funds Weigh In On First Trust Global Tactical Commodity Strategy Fund

A number of hedge funds and other institutional investors have recently modified their holdings of FTGC. Jane Street Group LLC purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the first quarter valued at approximately $383,000. Callan Family Office LLC grew its stake in First Trust Global Tactical Commodity Strategy Fund by 1.9% in the 2nd quarter. Callan Family Office LLC now owns 27,500 shares of the company’s stock valued at $678,000 after purchasing an additional 500 shares during the period. CWM LLC increased its position in shares of First Trust Global Tactical Commodity Strategy Fund by 8.5% during the 2nd quarter. CWM LLC now owns 607,725 shares of the company’s stock valued at $14,993,000 after purchasing an additional 47,448 shares during the last quarter. MGO One Seven LLC raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 147.8% during the 2nd quarter. MGO One Seven LLC now owns 28,209 shares of the company’s stock worth $696,000 after purchasing an additional 16,827 shares during the period. Finally, Axxcess Wealth Management LLC raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 6.1% during the 2nd quarter. Axxcess Wealth Management LLC now owns 264,993 shares of the company’s stock worth $6,537,000 after purchasing an additional 15,319 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. FTGC was launched on Oct 23, 2013 and is managed by First Trust.