First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Up 72.4% in May
First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC – Get Rating) was the target of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 214,000 shares, a growth of 72.4% from the May 15th total of 124,100 shares. Based on an average daily volume of 1,705,800 shares, the days-to-cover ratio is presently 0.1 days.
NASDAQ:FTGC traded down $0.35 during midday trading on Monday, reaching $29.53. 1,710 shares of the company traded hands, compared to its average volume of 1,867,357. First Trust Global Tactical Commodity Strategy Fund has a twelve month low of $22.35 and a twelve 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 added to or reduced their stakes in the stock. Sandy Spring Bank acquired a new position in First Trust Global Tactical Commodity Strategy Fund during the 1st quarter worth $29,000. Captrust Financial Advisors acquired a new position in First Trust Global Tactical Commodity Strategy Fund during the 1st quarter worth $30,000. Transamerica Financial Advisors Inc. acquired a new position in First Trust Global Tactical Commodity Strategy Fund during the 1st quarter worth $34,000. Retirement Planning Co of New England Inc. acquired a new position in First Trust Global Tactical Commodity Strategy Fund during the 4th quarter worth $42,000. Finally, Patriot Financial Group Insurance Agency LLC boosted 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’s stock worth $49,000 after acquiring an additional 1,144 shares during the period.
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