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First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Up 72.4% in May

By on June 13, 2022 0

The First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC – Get Rating) was the target of strong short-term interest growth in May. As of May 31, there were short interests totaling 214,000 shares, up 72.4% from the total of 124,100 shares as of May 15. Based on an average daily volume of 1,705,800 shares, the day-to-cover ratio is currently 0.1 day.

NASDAQ: FTGC was down $0.35 during midday trading on Monday, hitting $29.53. 1,710 shares of the company were traded, against an average volume of 1,867,357. The First Trust Global Tactical Commodity Strategy Fund has a 12-month low of $22.35 and a 12-month high of 31, $47. The company has a fifty-day moving average price of $29.27 and a 200-day moving average price of $26.86.

A number of large investors have recently increased or reduced their stakes in the stock. Sandy Spring Bank acquired a new position in First Trust Global Tactical Commodity Strategy Fund during Q1 worth $29,000. Captrust Financial Advisors acquired a new position in First Trust Global Tactical Commodity Strategy Fund during Q1 worth $30,000. Transamerica Financial Advisors Inc. acquired a new position in First Trust Global Tactical Commodity Strategy Fund during Q1 worth $34,000. Retirement Planning Co of New England Inc. acquired a new position in the First Trust Global Tactical Commodity Strategy Fund during Q4 worth $42,000. Finally, Patriot Financial Group Insurance Agency LLC increased its position in First Trust Global Tactical Commodity Strategy Fund by 199.3% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,718 shares of the company worth $49,000 after acquiring 1,144 additional shares during the period.

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