First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sees Strong Trading Volume – Here’s Why

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) shares saw unusually-high trading volume on Tuesday . Approximately 1,166,852 shares traded hands during mid-day trading, an increase of 111% from the previous session’s volume of 552,041 shares.The stock last traded at $23.5840 and had previously closed at $23.33.

First Trust Global Tactical Commodity Strategy Fund Trading Up 1.2%

The business’s 50 day moving average price is $26.06 and its 200-day moving average price is $25.67.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a $3.6647 dividend. The ex-dividend date is Tuesday, December 16th. This is a positive change 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 62.1%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in FTGC. CENTRAL TRUST Co acquired a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter worth approximately $26,000. Crewe Advisors LLC purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the second quarter valued at about $27,000. Creative Financial Designs Inc. ADV grew its position in shares of First Trust Global Tactical Commodity Strategy Fund by 1,895.0% in the second quarter. Creative Financial Designs Inc. ADV now owns 1,197 shares of the company’s stock valued at $30,000 after purchasing an additional 1,137 shares during the last quarter. Versant Capital Management Inc purchased a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the 3rd quarter worth approximately $35,000. Finally, Ameriflex Group Inc. acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the 3rd quarter worth approximately $48,000.

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.