Short Interest in First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Drops By 18.5%

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the recipient of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 240,800 shares, a decline of 18.5% from the January 31st total of 295,600 shares. Based on an average daily volume of 480,700 shares, the days-to-cover ratio is presently 0.5 days.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the fourth quarter worth approximately $25,000. US Bancorp DE raised its position in First Trust Global Tactical Commodity Strategy Fund by 84.5% in the 3rd quarter. US Bancorp DE now owns 1,118 shares of the company’s stock worth $26,000 after purchasing an additional 512 shares during the last quarter. AlphaMark Advisors LLC lifted its holdings in First Trust Global Tactical Commodity Strategy Fund by 627.0% during the 4th quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company’s stock worth $32,000 after buying an additional 1,160 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in First Trust Global Tactical Commodity Strategy Fund in the 4th quarter valued at $35,000. Finally, Brown Brothers Harriman & Co. increased its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 301.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,600 shares of the company’s stock valued at $38,000 after buying an additional 1,201 shares during the period.

First Trust Global Tactical Commodity Strategy Fund Price Performance

First Trust Global Tactical Commodity Strategy Fund stock traded up $0.11 on Wednesday, reaching $25.03. The company’s stock had a trading volume of 508,730 shares, compared to its average volume of 519,910. The business’s fifty day moving average price is $24.85 and its 200 day moving average price is $23.96. First Trust Global Tactical Commodity Strategy Fund has a twelve month low of $22.22 and a twelve month high of $25.97.

First Trust Global Tactical Commodity Strategy Fund Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a dividend of $0.1846 per share. The ex-dividend date was Tuesday, December 17th.

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.