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

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 640,500 shares, a growth of 166.0% from the February 13th total of 240,800 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 506,000 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 6.7% in the fourth quarter. Wells Fargo & Company MN now owns 36,948,435 shares of the company’s stock valued at $884,176,000 after purchasing an additional 2,326,568 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the fourth quarter valued at about $18,836,000. Financial Enhancement Group LLC lifted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 3,947.8% during the fourth quarter. Financial Enhancement Group LLC now owns 369,604 shares of the company’s stock worth $9,181,000 after purchasing an additional 360,473 shares in the last quarter. Fortress Wealth Management Inc. acquired a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the 4th quarter valued at $7,191,000. Finally, Strategic Financial Concepts LLC raised its holdings in First Trust Global Tactical Commodity Strategy Fund by 2,537.1% during the 4th quarter. Strategic Financial Concepts LLC now owns 233,011 shares of the company’s stock worth $5,576,000 after purchasing an additional 224,175 shares during the last quarter.

First Trust Global Tactical Commodity Strategy Fund Stock Up 0.4 %

First Trust Global Tactical Commodity Strategy Fund stock traded up $0.10 during trading hours on Thursday, hitting $25.17. The company had a trading volume of 63,319 shares, compared to its average volume of 437,476. First Trust Global Tactical Commodity Strategy Fund has a fifty-two week low of $22.22 and a fifty-two week high of $25.97. The firm’s fifty day moving average is $25.00 and its 200-day moving average is $24.04.

First Trust Global Tactical Commodity Strategy Fund Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders 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.