Short Interest in First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Rises By 144.3%

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 346,466 shares, an increase of 144.3% from the February 12th total of 141,846 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 461,881 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 461,881 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.4% of the shares of the company are sold short.

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

Several hedge funds have recently bought and sold shares of FTGC. UBS Group AG lifted its stake in First Trust Global Tactical Commodity Strategy Fund by 1.8% in the 4th quarter. UBS Group AG now owns 1,373,318 shares of the company’s stock worth $31,902,000 after purchasing an additional 23,761 shares in the last quarter. Carrera Capital Advisors grew its position in shares of First Trust Global Tactical Commodity Strategy Fund by 16.1% during the 4th quarter. Carrera Capital Advisors now owns 1,071,159 shares of the company’s stock valued at $24,883,000 after purchasing an additional 148,930 shares in the last quarter. Flaharty Asset Management LLC increased its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 5.2% in the third quarter. Flaharty Asset Management LLC now owns 978,681 shares of the company’s stock worth $25,349,000 after purchasing an additional 48,812 shares during the period. NewEdge Advisors LLC raised its position in shares of First Trust Global Tactical Commodity Strategy Fund by 5.9% in the second quarter. NewEdge Advisors LLC now owns 975,708 shares of the company’s stock worth $24,071,000 after buying an additional 54,315 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC raised its position in shares of First Trust Global Tactical Commodity Strategy Fund by 4.5% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 944,969 shares of the company’s stock worth $21,952,000 after buying an additional 41,105 shares in the last quarter.

First Trust Global Tactical Commodity Strategy Fund Price Performance

Shares of FTGC opened at $28.24 on Thursday. First Trust Global Tactical Commodity Strategy Fund has a 52-week low of $22.70 and a 52-week high of $28.90. The stock’s 50-day simple moving average is $24.99 and its 200 day simple moving average is $25.58.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were issued a $3.6647 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This is a positive change from First Trust Global Tactical Commodity Strategy Fund’s previous quarterly dividend of $0.16. This represents a $14.66 dividend on an annualized basis and a dividend yield of 51.9%.

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.