Short Interest in First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Expands By 269.3%

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 284,000 shares, a growth of 269.3% from the December 31st total of 76,900 shares. Based on an average daily trading volume, of 374,000 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. US Bancorp DE grew its position in First Trust Global Tactical Commodity Strategy Fund by 84.5% during the third quarter. US Bancorp DE now owns 1,118 shares of the company’s stock valued at $26,000 after buying an additional 512 shares during the period. AlphaMark Advisors LLC grew its stake in First Trust Global Tactical Commodity Strategy Fund by 627.0% during the fourth quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company’s stock valued at $32,000 after acquiring an additional 1,160 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the 4th quarter valued at approximately $35,000. Brown Brothers Harriman & Co. lifted its position in First Trust Global Tactical Commodity Strategy Fund by 301.0% during the third quarter. Brown Brothers Harriman & Co. now owns 1,600 shares of the company’s stock valued at $38,000 after purchasing an additional 1,201 shares during the last quarter. Finally, Values First Advisors Inc. purchased a new position in First Trust Global Tactical Commodity Strategy Fund in the third quarter worth about $46,000.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

Shares of NASDAQ:FTGC traded up $0.17 during trading on Wednesday, reaching $24.90. 19,721 shares of the company traded hands, compared to its average volume of 596,798. The business’s fifty day moving average is $24.08 and its 200-day moving average is $23.56. First Trust Global Tactical Commodity Strategy Fund has a 52-week low of $22.22 and a 52-week high of $25.24.

First Trust Global Tactical Commodity Strategy Fund Announces Dividend

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

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.