Short Interest in First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Drops By 46.8%

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the recipient of a large drop in short interest in February. As of February 13th, there was short interest totaling 141,846 shares, a drop of 46.8% from the January 29th total of 266,803 shares. Based on an average trading volume of 669,905 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 669,905 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

NASDAQ FTGC traded up $0.29 during trading hours on Friday, hitting $25.53. The company had a trading volume of 477,069 shares, compared to its average volume of 637,322. The business has a 50 day moving average of $24.38 and a 200-day moving average of $25.45. First Trust Global Tactical Commodity Strategy Fund has a 1-year low of $22.70 and a 1-year high of $27.57.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were given a $3.6647 dividend. This is a boost from First Trust Global Tactical Commodity Strategy Fund’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $14.66 dividend on an annualized basis and a dividend yield of 57.4%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FTGC. CENTRAL TRUST Co acquired a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the third quarter valued at approximately $26,000. Creative Financial Designs Inc. ADV raised its position in First Trust Global Tactical Commodity Strategy Fund by 1,895.0% in the 2nd 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 acquired a new stake in First Trust Global Tactical Commodity Strategy Fund during the 3rd quarter worth $35,000. Elevated Capital Advisors LLC acquired a new stake in First Trust Global Tactical Commodity Strategy Fund during the 4th quarter worth $41,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in First Trust Global Tactical Commodity Strategy Fund by 1,207.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,817 shares of the company’s stock worth $42,000 after purchasing an additional 1,678 shares during the last quarter.

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.