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

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 6,136,712 shares, an increase of 42,919.4% from the May 31st total of 14,265 shares. Currently, 6.7% of the company’s stock are short sold. Based on an average daily volume of 1,401,430 shares, the short-interest ratio is presently 4.4 days.

First Trust Global Tactical Commodity Strategy Fund Trading Up 1.0%

FTGC traded up $0.27 on Thursday, hitting $27.03. 1,211,098 shares of the company were exchanged, compared to its average volume of 827,168. First Trust Global Tactical Commodity Strategy Fund has a twelve month low of $22.70 and a twelve month high of $30.65. The firm has a 50-day moving average price of $28.89 and a two-hundred day moving average price of $26.89.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be given a $0.1691 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $0.68 dividend on an annualized basis and a yield of 2.5%.

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 the stock. Elevated Capital Advisors LLC purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the fourth quarter worth approximately $41,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in First Trust Global Tactical Commodity Strategy Fund by 1,207.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,817 shares of the company’s stock worth $42,000 after acquiring an additional 1,678 shares during the last quarter. Ameriflex Group Inc. purchased a new position in First Trust Global Tactical Commodity Strategy Fund in the third quarter worth approximately $48,000. Newbridge Financial Services Group Inc. grew its holdings in First Trust Global Tactical Commodity Strategy Fund by 99.9% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 2,233 shares of the company’s stock worth $52,000 after acquiring an additional 1,116 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in First Trust Global Tactical Commodity Strategy Fund by 59.2% during the 4th quarter. Private Trust Co. NA now owns 2,370 shares of the company’s stock worth $55,000 after acquiring an additional 881 shares in 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.