First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Up 269.3% in January

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 284,000 shares, an increase of 269.3% from the December 31st total of 76,900 shares. Based on an average trading volume of 374,000 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

A number of hedge funds and other institutional investors have recently modified their holdings of FTGC. Focus Financial Network Inc. grew its position in shares of First Trust Global Tactical Commodity Strategy Fund by 1.9% in the 4th quarter. Focus Financial Network Inc. now owns 25,158 shares of the company’s stock valued at $602,000 after acquiring an additional 471 shares during the period. US Bancorp DE lifted its stake in First Trust Global Tactical Commodity Strategy Fund by 84.5% in the 3rd quarter. US Bancorp DE now owns 1,118 shares of the company’s stock valued at $26,000 after purchasing an additional 512 shares during the last quarter. Bridge Advisory LLC grew its holdings in First Trust Global Tactical Commodity Strategy Fund by 0.6% during the third quarter. Bridge Advisory LLC now owns 95,496 shares of the company’s stock worth $2,262,000 after purchasing an additional 527 shares during the period. Private Client Services LLC increased its position in First Trust Global Tactical Commodity Strategy Fund by 6.6% during the fourth quarter. Private Client Services LLC now owns 9,535 shares of the company’s stock worth $228,000 after buying an additional 587 shares during the last quarter. Finally, Aspect Partners LLC raised its stake in First Trust Global Tactical Commodity Strategy Fund by 1.9% in the third quarter. Aspect Partners LLC now owns 33,452 shares of the company’s stock valued at $792,000 after buying an additional 624 shares during the period.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

FTGC traded up $0.10 during trading hours on Thursday, hitting $24.94. 90,932 shares of the company’s stock were exchanged, compared to its average volume of 594,570. First Trust Global Tactical Commodity Strategy Fund has a 1-year low of $22.22 and a 1-year high of $25.24. The stock’s 50-day moving average is $24.10 and its two-hundred day moving average is $23.57.

First Trust Global Tactical Commodity Strategy Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were issued a $0.1846 dividend. The ex-dividend date was Tuesday, December 17th.

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.