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

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - Get Free Report) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 640,500 shares, an increase of 166.0% from the February 13th total of 240,800 shares. Based on an average daily trading volume, of 506,000 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Oarsman Capital Inc. grew its position in First Trust Global Tactical Commodity Strategy Fund by 1.9% in the 4th quarter. Oarsman Capital Inc. now owns 23,923 shares of the company's stock worth $572,000 after purchasing an additional 448 shares during the period. Focus Financial Network Inc. grew its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 1.9% in the fourth quarter. Focus Financial Network Inc. now owns 25,158 shares of the company's stock worth $602,000 after acquiring an additional 471 shares during the period. Focus Partners Advisor Solutions LLC increased its position in First Trust Global Tactical Commodity Strategy Fund by 4.4% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 11,503 shares of the company's stock valued at $275,000 after acquiring an additional 488 shares during the last quarter. US Bancorp DE increased its position in First Trust Global Tactical Commodity Strategy Fund by 84.5% during the third quarter. US Bancorp DE now owns 1,118 shares of the company's stock valued at $26,000 after acquiring an additional 512 shares during the last quarter. Finally, Private Client Services LLC lifted its holdings in First Trust Global Tactical Commodity Strategy Fund by 6.6% in the fourth quarter. Private Client Services LLC now owns 9,535 shares of the company's stock valued at $228,000 after acquiring an additional 587 shares during the period.

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First Trust Global Tactical Commodity Strategy Fund Price Performance

FTGC traded up $0.17 during midday trading on Monday, hitting $25.29. 344,320 shares of the company traded hands, compared to its average volume of 438,369. The company's 50-day moving average is $25.04 and its 200 day moving average is $24.07. First Trust Global Tactical Commodity Strategy Fund has a 52 week low of $22.22 and a 52 week high of $25.97.

About First Trust Global Tactical Commodity Strategy Fund

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.