Short Interest in First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Drops By 40.4%

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 54,092 shares, a drop of 40.4% from the November 30th total of 90,830 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 641,960 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 641,960 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

A number of institutional investors have recently made changes to their positions in FTGC. CENTRAL TRUST Co acquired a new stake in First Trust Global Tactical Commodity Strategy Fund during the 3rd quarter worth $26,000. Crewe Advisors LLC purchased a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the second quarter worth about $27,000. Creative Financial Designs Inc. ADV lifted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 1,895.0% in the second quarter. Creative Financial Designs Inc. ADV now owns 1,197 shares of the company’s stock worth $30,000 after buying an additional 1,137 shares in the last quarter. Versant Capital Management Inc acquired a new position in First Trust Global Tactical Commodity Strategy Fund during the third quarter worth about $35,000. Finally, Ameriflex Group Inc. purchased a new stake in First Trust Global Tactical Commodity Strategy Fund during the 3rd quarter valued at about $48,000.

First Trust Global Tactical Commodity Strategy Fund Stock Up 0.8%

Shares of FTGC stock traded up $0.19 on Tuesday, reaching $23.52. 1,966,203 shares of the company were exchanged, compared to its average volume of 555,570. First Trust Global Tactical Commodity Strategy Fund has a 1 year low of $22.70 and a 1 year high of $27.57. The business has a 50-day moving average price of $26.06 and a 200 day moving average price of $25.67.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a dividend of $3.6647 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This is an increase 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 62.3%.

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. FTGC was launched on Oct 23, 2013 and is managed by First Trust.