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

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the recipient of a significant increase in short interest in 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 volume of 888,447 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.6% of the shares of the stock are sold short. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 888,447 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTGC. HighTower Advisors LLC increased its position in shares of First Trust Global Tactical Commodity Strategy Fund by 0.4% in the 3rd quarter. HighTower Advisors LLC now owns 99,294 shares of the company’s stock valued at $2,572,000 after acquiring an additional 382 shares during the period. Callan Family Office LLC increased its position in shares of First Trust Global Tactical Commodity Strategy Fund by 1.9% in the second quarter. Callan Family Office LLC now owns 27,500 shares of the company’s stock valued at $678,000 after buying an additional 500 shares in the last quarter. Raab & Moskowitz Asset Management LLC increased its position in shares of First Trust Global Tactical Commodity Strategy Fund by 1.0% in the second quarter. Raab & Moskowitz Asset Management LLC now owns 58,756 shares of the company’s stock valued at $1,450,000 after buying an additional 602 shares in the last quarter. Genesis Private Wealth LLC raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 7.0% during the 3rd quarter. Genesis Private Wealth LLC now owns 9,480 shares of the company’s stock worth $246,000 after buying an additional 624 shares during the period. Finally, MTM Investment Management LLC lifted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 2.2% during the 3rd quarter. MTM Investment Management LLC now owns 31,304 shares of the company’s stock valued at $811,000 after buying an additional 659 shares in the last quarter.

First Trust Global Tactical Commodity Strategy Fund Stock Up 1.1%

NASDAQ FTGC traded up $0.27 during trading on Monday, hitting $23.90. The stock had a trading volume of 620,225 shares, compared to its average volume of 673,189. First Trust Global Tactical Commodity Strategy Fund has a one year low of $22.70 and a one year high of $27.57. The stock has a 50 day simple moving average of $25.49 and a 200 day simple moving average of $25.54.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were paid a dividend of $3.6647 per share. This is a boost from First Trust Global Tactical Commodity Strategy Fund’s previous quarterly dividend of $0.16. This represents a $14.66 dividend on an annualized basis 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.