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

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the target of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 141,846 shares, a decrease of 46.8% from the January 29th total of 266,803 shares. Based on an average daily trading volume, of 669,905 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 669,905 shares, the short-interest ratio is presently 0.2 days.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

Shares of NASDAQ FTGC traded up $0.29 during midday trading on Friday, reaching $25.53. 477,069 shares of the company were exchanged, compared to its average volume of 637,322. First Trust Global Tactical Commodity Strategy Fund has a 1 year low of $22.70 and a 1 year high of $27.57. The stock has a fifty day simple moving average of $24.38 and a 200 day simple moving average of $25.45.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

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

Institutional Investors Weigh In On First Trust Global Tactical Commodity Strategy Fund

Several hedge funds have recently modified their holdings of FTGC. CENTRAL TRUST Co purchased a new position in First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter valued at $26,000. Creative Financial Designs Inc. ADV raised its position 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 buying an additional 1,137 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter worth $35,000. Elevated Capital Advisors LLC purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the fourth quarter valued at about $41,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of 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 valued at $42,000 after acquiring an additional 1,678 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.