First Trust Global Tactical Commodity Strategy Fund Reports Surge in Short Interest

The First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - Get Free Report) experienced a substantial rise in short interest during December. As of December 15th, the total short interest reached 76,900 shares, reflecting an impressive increase of 324.9% compared to the 18,100 shares reported on November 30th. With an average trading volume of 351,700 shares, the current days-to-cover ratio stands at 0.2 days.

FTGC Experiences Slight Decline in Trading

On Thursday, NASDAQ:FTGC saw a minor decline of 0.3%, trading down $0.08 at $23.61. The trading volume for the day was 792,945 shares, significantly higher than the average volume of 495,105. The fund's 50-day moving average is noted at $23.61, while the 200-day moving average is at $23.51. The fund has recorded a twelve-month low of $22.03 and a twelve-month high of $24.98.

Dividend Announcement by First Trust Global Tactical Commodity Strategy Fund

Recently, the firm also announced a dividend payment scheduled for Tuesday, December 31st. Shareholders of record on December 17th will receive a dividend of $0.1846 per share. The ex-dividend date is set for December 17th.

Institutional Investors Update on FTGC

Several institutional investors have made recent changes to their holdings in the First Trust Global Tactical Commodity Strategy Fund. Notably, US Bancorp DE increased its stake by 84.5% in the third quarter, now holding 1,118 shares valued at $26,000 after acquiring 512 more shares. Brown Brothers Harriman & Co. similarly raised its position by 301.0%, owning 1,600 shares valued at $38,000 after purchasing an additional 1,201 shares last quarter. Zions Bancorporation N.A. took a new position in FTGC in the second quarter worth approximately $43,000. Values First Advisors Inc. also acquired a new stake in the third quarter valued around $46,000. Moreover, Strategic Financial Concepts LLC increased its holdings dramatically by 336.2% during the second quarter, now owning 211,182 shares worth $50,000 after securing 162,773 additional shares.

Understanding the First Trust Global Tactical Commodity Strategy Fund

The First Trust Global Tactical Commodity Strategy Fund (FTGC) is an exchange-traded fund designed to provide broad exposure to commodities through futures contracts. It is actively managed and operates as an open-ended fund under the 1940 Act.

Final Thoughts for Potential Investors

As investors consider their strategies, it's essential to analyze whether to invest in the First Trust Global Tactical Commodity Strategy Fund. Market analysts have flagged other stocks that may present better investment opportunities compared to FTGC, highlighting shifting preferences within the investment landscape.

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