First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sees Notable Increase in Short Interest

The First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) experienced a noteworthy surge in short interest throughout December. As of December 15th, the total short interest reached 76,900 shares, marking a staggering increase of 324.9% compared to the 18,100 shares reported at the end of November. With an average daily trading volume of 351,700 shares, the current days-to-cover ratio stands at 0.2 days.

First Trust Global Tactical Commodity Strategy Fund Price Activity

On Thursday, NASDAQ:FTGC saw a slight decline of 0.3%, dropping by $0.08 to hit $23.61 during mid-day trading. The stock recorded a trading volume of 792,945 shares, significantly surpassing its average volume of 495,105 shares. The company's 50-day simple moving average is $23.61, while its 200-day simple moving average is $23.51. Over the past year, the fund has seen a low of $22.03 and a high of $24.98.

Dividend Announcement from First Trust Global Tactical Commodity Strategy Fund

Recently, the First Trust Global Tactical Commodity Strategy Fund declared a dividend that is scheduled for payment on Tuesday, December 31st. Shareholders of record as of December 17th will receive a dividend of $0.1846 per share, with an ex-dividend date also set for December 17th.

Institutional Investor Activity in First Trust Global Tactical Commodity Strategy Fund

Several institutional investors have been adjusting their positions in FTGC recently. US Bancorp DE increased its holdings in the fund by 84.5% during the third quarter, now owning 1,118 shares valued at $26,000 after adding 512 shares. Meanwhile, Brown Brothers Harriman & Co. boosted its stake by 301.0% in the same period, owning 1,600 shares worth $38,000. Zions Bancorporation N.A. established a new position in FTGC in the second quarter valued at about $43,000. Additionally, Values First Advisors Inc. bought into the fund in the third quarter for approximately $46,000. Finally, Strategic Financial Concepts LLC raised its holdings by a staggering 336.2% in the second quarter, now owning 211,182 shares valued at $50,000 after acquiring an additional 162,773 shares.

Overview of First Trust Global Tactical Commodity Strategy Fund

The First Trust Global Tactical Commodity Strategy Fund (FTGC) is an actively managed exchange-traded fund that aims to provide wide exposure to commodities through futures contracts, structured as a 1940 Act open-ended fund. It operates based on the Benchmark for FTGC Fund index.

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This summary is generated from comprehensive financial data to ensure clarity and prompt reporting on market changes.

Investment Considerations

Before deciding on an investment in the First Trust Global Tactical Commodity Strategy Fund, investors are advised to review current analyst reports. Some analysts recommend five stocks they believe present better buying opportunities in the current market context.

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