First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Down 40.4% in December

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 54,092 shares, a decline of 40.4% from the November 30th total of 90,830 shares. Based on an average daily trading volume, of 641,960 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 641,960 shares, the short-interest ratio is presently 0.1 days.

First Trust Global Tactical Commodity Strategy Fund Trading Up 0.6%

Shares of NASDAQ:FTGC traded up $0.14 during trading on Friday, hitting $23.58. 405,643 shares of the company were exchanged, compared to its average volume of 548,417. First Trust Global Tactical Commodity Strategy Fund has a 52-week low of $22.70 and a 52-week high of $27.57. The stock has a 50 day moving average of $26.12 and a 200 day moving average of $25.68.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a dividend of $3.6647 per share. This is a positive change from First Trust Global Tactical Commodity Strategy Fund’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $14.66 dividend on an annualized basis and a yield of 62.2%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. CENTRAL TRUST Co bought a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the third quarter valued at about $26,000. Crewe Advisors LLC purchased a new position in First Trust Global Tactical Commodity Strategy Fund during the second quarter valued at approximately $27,000. Creative Financial Designs Inc. ADV increased its holdings in First Trust Global Tactical Commodity Strategy Fund by 1,895.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,197 shares of the company’s stock worth $30,000 after acquiring an additional 1,137 shares during the period. Versant Capital Management Inc bought a new stake in First Trust Global Tactical Commodity Strategy Fund during the 3rd quarter worth approximately $35,000. Finally, Ameriflex Group Inc. purchased a new stake in First Trust Global Tactical Commodity Strategy Fund in 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.