First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sees Unusually-High Trading Volume - What's Next?

Key Points

• The First Trust Global Tactical Commodity Strategy Fund (FTGC) experienced an 86% increase in trading volume, with over 1 million shares traded recently.
• The fund announced a quarterly dividend increase to $0.1509, representing an annualized yield of 2.4%.
• Several hedge funds significantly increased their stakes in FTGC, indicating growing institutional interest in the fund.

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 1,094,226 shares changed hands during mid-day trading, an increase of 86% from the previous session's volume of 588,543 shares.The stock last traded at $24.80 and had previously closed at $24.87.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

The business's 50-day simple moving average is $25.17 and its two-hundred day simple moving average is $24.92.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a dividend of $0.1509 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, June 26th. This is a positive change from First Trust Global Tactical Commodity Strategy Fund's previous quarterly dividend of $0.14.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 329.8% in the fourth quarter. Renaissance Technologies LLC now owns 46,400 shares of the company's stock valued at $1,110,000 after buying an additional 35,605 shares in the last quarter. Susquehanna International Group LLP boosted its holdings in First Trust Global Tactical Commodity Strategy Fund by 100.5% in the 4th quarter. Susquehanna International Group LLP now owns 89,879 shares of the company's stock worth $2,151,000 after acquiring an additional 45,053 shares during the period. Ameriprise Financial Inc. purchased a new position in First Trust Global Tactical Commodity Strategy Fund in the 4th quarter worth approximately $2,324,000. BOKF NA grew its position in First Trust Global Tactical Commodity Strategy Fund by 8,196.9% in the fourth quarter. BOKF NA now owns 2,655 shares of the company's stock valued at $66,000 after acquiring an additional 2,623 shares in the last quarter. Finally, Dunhill Financial LLC raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 58.5% during the fourth quarter. Dunhill Financial LLC now owns 57,918 shares of the company's stock valued at $1,386,000 after purchasing an additional 21,386 shares during the period.

First Trust Global Tactical Commodity Strategy Fund Company Profile

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.