First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sees Large Growth in Short Interest

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 18,100 shares, an increase of 118.1% from the November 15th total of 8,300 shares. Based on an average daily trading volume, of 338,800 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. US Bancorp DE grew its holdings in First Trust Global Tactical Commodity Strategy Fund by 84.5% during the 3rd quarter. US Bancorp DE now owns 1,118 shares of the company’s stock worth $26,000 after acquiring an additional 512 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of 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 worth $38,000 after purchasing an additional 1,201 shares during the period. Zions Bancorporation N.A. bought a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the second quarter worth $43,000. Values First Advisors Inc. acquired a new stake in First Trust Global Tactical Commodity Strategy Fund in the third quarter valued at $46,000. Finally, Strategic Financial Concepts LLC raised its position in First Trust Global Tactical Commodity Strategy Fund by 336.2% during the 2nd quarter. Strategic Financial Concepts LLC now owns 211,182 shares of the company’s stock worth $50,000 after purchasing an additional 162,773 shares during the last quarter.

First Trust Global Tactical Commodity Strategy Fund Trading Down 0.2 %

Shares of NASDAQ:FTGC opened at $24.00 on Friday. First Trust Global Tactical Commodity Strategy Fund has a 52-week low of $22.03 and a 52-week high of $24.98. The company has a fifty day moving average of $23.65 and a 200-day moving average of $23.55.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.1867 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.75 annualized dividend and a yield of 3.11%.

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.