First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC – Get Free Report) saw a significant increase in short interest in the month of 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. Approximately 6.7% of the company’s shares are sold short. Based on an average daily volume of 1,401,430 shares, the days-to-cover ratio is presently 4.4 days.
Institutional Trading of First Trust Global Tactical Commodity Strategy Fund
A number of institutional investors and hedge funds have recently bought and sold shares of FTGC. IFP Advisors Inc boosted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 2,744.4% in the third quarter. IFP Advisors Inc now owns 344,766 shares of the company’s stock valued at $8,929,000 after purchasing an additional 332,645 shares during the period. Farther Finance Advisors LLC lifted its holdings in First Trust Global Tactical Commodity Strategy Fund by 3,409.6% during the 4th quarter. Farther Finance Advisors LLC now owns 314,844 shares of the company’s stock worth $7,314,000 after buying an additional 305,873 shares in the last quarter. Axxcess Wealth Management LLC lifted its holdings in First Trust Global Tactical Commodity Strategy Fund by 68.5% during the 4th quarter. Axxcess Wealth Management LLC now owns 465,969 shares of the company’s stock worth $10,824,000 after buying an additional 189,361 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in First Trust Global Tactical Commodity Strategy Fund in the 2nd quarter valued at approximately $3,982,000. Finally, Carrera Capital Advisors boosted its position in First Trust Global Tactical Commodity Strategy Fund by 16.1% in the 4th quarter. Carrera Capital Advisors now owns 1,071,159 shares of the company’s stock valued at $24,883,000 after buying an additional 148,930 shares during the period.
First Trust Global Tactical Commodity Strategy Fund Stock Up 1.0%
NASDAQ:FTGC traded up $0.27 during trading hours on Thursday, reaching $27.03. 1,211,098 shares of the stock were exchanged, compared to its average volume of 827,168. First Trust Global Tactical Commodity Strategy Fund has a twelve month low of $22.70 and a twelve month high of $30.65. The business has a 50-day moving average of $28.89 and a two-hundred day moving average of $26.89.
First Trust Global Tactical Commodity Strategy Fund Cuts Dividend
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.
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