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 target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 76,900 shares, an increase of 324.9% from the November 30th total of 18,100 shares. Based on an average trading volume of 351,700 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Global Tactical Commodity Strategy Fund Price Performance

FTGC stock traded down $0.02 during trading on Friday, hitting $23.59. The company had a trading volume of 502,598 shares, compared to its average volume of 495,135. The company has a fifty day moving average price of $23.62 and a two-hundred day moving average price of $23.51. First Trust Global Tactical Commodity Strategy Fund has a fifty-two week low of $22.03 and a fifty-two week high of $24.98.

First Trust Global Tactical Commodity Strategy Fund Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.1846 per share. The ex-dividend date is Tuesday, December 17th.

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

A number of institutional investors and hedge funds have recently bought and sold shares of FTGC. Total Investment Management Inc. acquired a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the second quarter valued at $43,857,000. Arvest Investments Inc. increased its position in First Trust Global Tactical Commodity Strategy Fund by 456,448.6% in the 3rd quarter. Arvest Investments Inc. now owns 337,846 shares of the company’s stock valued at $8,004,000 after acquiring an additional 337,772 shares in the last quarter. Prospera Financial Services Inc increased its position in First Trust Global Tactical Commodity Strategy Fund by 226.8% in the 3rd quarter. Prospera Financial Services Inc now owns 287,825 shares of the company’s stock valued at $6,819,000 after acquiring an additional 199,747 shares in the last quarter. Strategic Financial Concepts LLC raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 336.2% in the second quarter. Strategic Financial Concepts LLC now owns 211,182 shares of the company’s stock worth $50,000 after acquiring an additional 162,773 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 1,565.1% during the third quarter. International Assets Investment Management LLC now owns 155,503 shares of the company’s stock worth $36,840,000 after purchasing an additional 146,164 shares in 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.