Short Interest in First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Expands By 118.1%

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

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dunhill Financial LLC raised its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 452.7% during the third quarter. Dunhill Financial LLC now owns 36,532 shares of the company’s stock worth $865,000 after purchasing an additional 29,922 shares during the period. Jane Street Group LLC bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the third quarter worth about $1,955,000. Benjamin Edwards Inc. grew its position in shares of First Trust Global Tactical Commodity Strategy Fund by 350.9% during the third quarter. Benjamin Edwards Inc. now owns 31,779 shares of the company’s stock worth $753,000 after acquiring an additional 24,731 shares during the last quarter. CreativeOne Wealth LLC bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the third quarter worth about $455,000. Finally, Brown Brothers Harriman & Co. grew its position 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 acquiring an additional 1,201 shares during the last quarter.

First Trust Global Tactical Commodity Strategy Fund Stock Down 0.2 %

FTGC opened at $24.00 on Friday. The firm’s fifty day moving average price is $23.65 and its 200 day moving average price is $23.55. First Trust Global Tactical Commodity Strategy Fund has a 12-month low of $22.03 and a 12-month high of $24.98.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.1867 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.75 dividend on an annualized basis and a dividend 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.