Short Interest in First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Increases By 77.4%

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 350,726 shares, an increase of 77.4% from the August 15th total of 197,705 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 406,224 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On First Trust Global Tactical Commodity Strategy Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisors Preferred LLC acquired a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the 1st quarter valued at about $73,000. Merkkuri Wealth Advisors LLC bought a new position in First Trust Global Tactical Commodity Strategy Fund in the first quarter worth approximately $101,000. Creative Financial Designs Inc. ADV grew its stake in First Trust Global Tactical Commodity Strategy Fund by 329.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 7,061 shares of the company’s stock valued at $164,000 after acquiring an additional 5,415 shares during the period. Wealth Effects LLC acquired a new stake in First Trust Global Tactical Commodity Strategy Fund in the first quarter valued at approximately $214,000. Finally, Signal Advisors Wealth LLC bought a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the first quarter valued at approximately $220,000.

First Trust Global Tactical Commodity Strategy Fund Price Performance

Shares of First Trust Global Tactical Commodity Strategy Fund stock traded down $0.12 on Thursday, reaching $31.27. 365,748 shares of the company’s stock were exchanged, compared to its average volume of 721,299. First Trust Global Tactical Commodity Strategy Fund has a 52 week low of $22.70 and a 52 week high of $31.71. The firm’s 50-day moving average is $29.82 and its two-hundred day moving average is $28.93.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.1691 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Thursday, June 25th.

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.