Short Interest in First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Decreases By 95.4%

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 23,359 shares, a decrease of 95.4% from the December 31st total of 503,679 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 673,589 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 673,589 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

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

A number of large investors have recently modified their holdings of FTGC. HighTower Advisors LLC boosted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 0.4% during the 3rd quarter. HighTower Advisors LLC now owns 99,294 shares of the company’s stock valued at $2,572,000 after buying an additional 382 shares during the last quarter. Callan Family Office LLC increased its position in First Trust Global Tactical Commodity Strategy Fund by 1.9% in the 2nd quarter. Callan Family Office LLC now owns 27,500 shares of the company’s stock valued at $678,000 after acquiring an additional 500 shares during the period. Northwest Wealth Management LLC grew its position in First Trust Global Tactical Commodity Strategy Fund by 6.1% in the 4th quarter. Northwest Wealth Management LLC now owns 9,272 shares of the company’s stock valued at $215,000 after buying an additional 533 shares in the last quarter. Raab & Moskowitz Asset Management LLC lifted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 1.0% in the 2nd quarter. Raab & Moskowitz Asset Management LLC now owns 58,756 shares of the company’s stock worth $1,450,000 after acquiring an additional 602 shares during the period. Finally, Genesis Private Wealth LLC raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 7.0% in the 3rd quarter. Genesis Private Wealth LLC now owns 9,480 shares of the company’s stock worth $246,000 after buying an additional 624 shares in the last quarter.

First Trust Global Tactical Commodity Strategy Fund Price Performance

Shares of FTGC traded up $0.20 during trading on Wednesday, reaching $25.84. 483,984 shares of the company traded hands, compared to its average volume of 679,005. First Trust Global Tactical Commodity Strategy Fund has a twelve month low of $22.70 and a twelve month high of $27.57. The stock has a 50-day simple moving average of $24.97 and a 200-day simple moving average of $25.49.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were issued a $3.6647 dividend. This represents a $14.66 dividend on an annualized basis and a dividend yield of 56.7%. This is an increase from First Trust Global Tactical Commodity Strategy Fund’s previous quarterly dividend of $0.16. The ex-dividend date was Tuesday, December 16th.

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.