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

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 119,512 shares, a decrease of 36.6% from the September 15th total of 188,399 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 517,601 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Institutional investors have recently made changes to their positions in the stock. Cascade Investment Group Inc. increased its stake in First Trust Global Tactical Commodity Strategy Fund by 0.8% in the 3rd quarter. Cascade Investment Group Inc. now owns 54,491 shares of the company’s stock valued at $1,667,000 after buying an additional 427 shares during the period. Rockefeller Capital Management L.P. grew its stake in First Trust Global Tactical Commodity Strategy Fund by 8.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 9,471 shares of the company’s stock valued at $220,000 after purchasing an additional 759 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 10.4% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 8,227 shares of the company’s stock valued at $236,000 after buying an additional 774 shares in the last quarter. Brookstone Capital Management grew its position in First Trust Global Tactical Commodity Strategy Fund by 7.2% in the first quarter. Brookstone Capital Management now owns 13,181 shares of the company’s stock worth $378,000 after acquiring an additional 887 shares in the last quarter. Finally, Western Wealth Management LLC boosted its holdings in First Trust Global Tactical Commodity Strategy Fund by 1.5% in the first quarter. Western Wealth Management LLC now owns 70,567 shares of the company’s stock worth $2,026,000 after purchasing an additional 1,068 shares in the last quarter.

First Trust Global Tactical Commodity Strategy Fund Trading Up 0.5%

NASDAQ FTGC traded up $0.16 during trading on Friday, reaching $31.20. 502,461 shares of the company’s stock were exchanged, compared to its average volume of 702,388. First Trust Global Tactical Commodity Strategy Fund has a fifty-two week low of $22.70 and a fifty-two week high of $31.71. The company’s fifty day simple moving average is $30.79 and its 200-day simple moving average is $29.40.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a $0.1317 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 1.7%. This is a negative change from First Trust Global Tactical Commodity Strategy Fund’s previous quarterly dividend of $0.1691. The ex-dividend date of this dividend was Thursday, September 24th.

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. FTGC was launched on Oct 23, 2013 and is managed by First Trust.