First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Up 15.2% in June

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totalling 76,500 shares, an increase of 15.2% from the May 31st total of 66,400 shares. Based on an average daily trading volume, of 413,700 shares, the short-interest ratio is presently 0.2 days.

First Trust Global Tactical Commodity Strategy Fund Price Performance

NASDAQ:FTGC traded up $0.15 on Wednesday, reaching $24.25. The stock had a trading volume of 10,359 shares, compared to its average volume of 561,178. First Trust Global Tactical Commodity Strategy Fund has a 1-year low of $22.03 and a 1-year high of $25.06. The stock has a fifty day moving average price of $24.18 and a 200-day moving average price of $23.56.

First Trust Global Tactical Commodity Strategy Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a dividend of $0.1955 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.22%.

Hedge Funds Weigh In On First Trust Global Tactical Commodity Strategy Fund

A number of large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its holdings in First Trust Global Tactical Commodity Strategy Fund by 206.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,498 shares of the company’s stock valued at $34,000 after buying an additional 1,009 shares during the period. Register Financial Advisors LLC bought a new stake in First Trust Global Tactical Commodity Strategy Fund in the first quarter valued at approximately $41,000. Tower Research Capital LLC TRC increased its stake in First Trust Global Tactical Commodity Strategy Fund by 6,363.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,327 shares of the company’s stock valued at $52,000 after purchasing an additional 2,291 shares in the last quarter. Accordant Advisory Group Inc bought a new stake in First Trust Global Tactical Commodity Strategy Fund in the first quarter valued at approximately $77,000. Finally, BOKF NA bought a new stake in First Trust Global Tactical Commodity Strategy Fund in the first quarter valued at approximately $174,000.

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.