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

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 503,679 shares, an increase of 831.2% from the December 15th total of 54,092 shares. Based on an average daily trading volume, of 888,447 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.6% of the company’s shares are short sold. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 888,447 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Several large investors have recently bought and sold shares of the company. UBS Group AG lifted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 9.5% in the 3rd quarter. UBS Group AG now owns 1,349,557 shares of the company’s stock valued at $34,954,000 after purchasing an additional 117,092 shares during the period. Flaharty Asset Management LLC lifted its position in First Trust Global Tactical Commodity Strategy Fund by 5.2% during the third quarter. Flaharty Asset Management LLC now owns 978,681 shares of the company’s stock valued at $25,349,000 after buying an additional 48,812 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 5.9% during the 2nd quarter. NewEdge Advisors LLC now owns 975,708 shares of the company’s stock valued at $24,071,000 after buying an additional 54,315 shares in the last quarter. Cyndeo Wealth Partners LLC grew its position in shares of First Trust Global Tactical Commodity Strategy Fund by 4.5% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 944,969 shares of the company’s stock worth $21,952,000 after buying an additional 41,105 shares during the period. Finally, Carrera Capital Advisors increased its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 36.1% in the 3rd quarter. Carrera Capital Advisors now owns 922,229 shares of the company’s stock worth $23,886,000 after acquiring an additional 244,436 shares in the last quarter.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

FTGC stock traded up $0.27 on Monday, reaching $23.90. The company’s stock had a trading volume of 620,225 shares, compared to its average volume of 673,189. The business has a fifty day simple moving average of $25.49 and a two-hundred day simple moving average of $25.54. First Trust Global Tactical Commodity Strategy Fund has a 12-month low of $22.70 and a 12-month high of $27.57.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The business 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. 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 61.3%. The ex-dividend date was Tuesday, December 16th.

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.