First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Up 42,919.4% in June

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 6,136,712 shares, an increase of 42,919.4% from the May 31st total of 14,265 shares. Based on an average trading volume of 1,401,430 shares, the short-interest ratio is currently 4.4 days. Currently, 6.7% of the company’s stock are sold short.

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

A number of large investors have recently bought and sold shares of the business. Choice Wealth Advisors LLC lifted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 2.3% during the 4th quarter. Choice Wealth Advisors LLC now owns 296,080 shares of the company’s stock worth $6,878,000 after purchasing an additional 6,742 shares during the last quarter. TrueWealth Advisors LLC purchased a new position in First Trust Global Tactical Commodity Strategy Fund in the fourth quarter valued at about $353,000. Genesis Private Wealth LLC raised its holdings in First Trust Global Tactical Commodity Strategy Fund by 20.1% in the fourth quarter. Genesis Private Wealth LLC now owns 11,388 shares of the company’s stock worth $265,000 after purchasing an additional 1,908 shares in the last quarter. Puff Wealth Management LLC raised its holdings in First Trust Global Tactical Commodity Strategy Fund by 7.1% in the fourth quarter. Puff Wealth Management LLC now owns 22,971 shares of the company’s stock worth $534,000 after purchasing an additional 1,524 shares in the last quarter. Finally, City Center Advisors LLC lifted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 6.4% during the fourth quarter. City Center Advisors LLC now owns 19,178 shares of the company’s stock valued at $446,000 after buying an additional 1,157 shares during the last quarter.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

NASDAQ:FTGC opened at $26.91 on Friday. First Trust Global Tactical Commodity Strategy Fund has a one year low of $22.70 and a one year high of $30.65. The firm has a 50-day simple moving average of $28.83 and a 200-day simple moving average of $26.88.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be issued a dividend of $0.1691 per share. This represents a $0.68 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, June 25th.

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.