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

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

First Trust Global Tactical Commodity Strategy Fund Trading Up 1.1%

Shares of NASDAQ:FTGC opened at $25.53 on Monday. The business’s 50 day moving average price is $24.38 and its 200-day moving average price is $25.46. First Trust Global Tactical Commodity Strategy Fund has a 1 year low of $22.70 and a 1 year high of $27.57.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC boosted its holdings in 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 worth $2,572,000 after buying an additional 382 shares during the last quarter. Northwest Wealth Management LLC raised its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 6.1% during the fourth quarter. Northwest Wealth Management LLC now owns 9,272 shares of the company’s stock valued at $215,000 after acquiring an additional 533 shares during the last quarter. Raab & Moskowitz Asset Management LLC lifted 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 acquiring an additional 602 shares in the last quarter. Kovack Advisors Inc. lifted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 3.1% in the fourth quarter. Kovack Advisors Inc. now owns 20,043 shares of the company’s stock valued at $466,000 after acquiring an additional 612 shares in the last quarter. Finally, Genesis Private Wealth LLC boosted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 7.0% in the third quarter. Genesis Private Wealth LLC now owns 9,480 shares of the company’s stock worth $246,000 after acquiring an additional 624 shares during 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.