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

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the target of a large 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 large investors have recently bought and sold shares of FTGC. US Bancorp DE lifted its stake in shares of 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 period. Brown Brothers Harriman & Co. increased its holdings in First Trust Global Tactical Commodity Strategy Fund by 301.0% in the third quarter. Brown Brothers Harriman & Co. now owns 1,600 shares of the company’s stock worth $38,000 after purchasing an additional 1,201 shares in the last quarter. Zions Bancorporation N.A. bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the 2nd quarter worth approximately $43,000. Values First Advisors Inc. bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the 3rd quarter worth approximately $46,000. Finally, Strategic Financial Concepts LLC grew its position in shares of First Trust Global Tactical Commodity Strategy Fund by 336.2% during the 2nd quarter. Strategic Financial Concepts LLC now owns 211,182 shares of the company’s stock worth $50,000 after buying an additional 162,773 shares during the period.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

First Trust Global Tactical Commodity Strategy Fund stock opened at $24.00 on Friday. The firm has a 50 day moving average price of $23.65 and a two-hundred day moving average price of $23.55. First Trust Global Tactical Commodity Strategy Fund has a 52-week low of $22.03 and a 52-week high of $24.98.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.1867 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.75 annualized dividend and a yield of 3.11%.

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.