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

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 119,512 shares, a drop of 36.6% from the September 15th total of 188,399 shares. Based on an average daily trading volume, of 517,601 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in First Trust Global Tactical Commodity Strategy Fund by 880.6% during the second quarter. Envestnet Asset Management Inc. now owns 7,478,012 shares of the company’s stock worth $202,280,000 after buying an additional 6,715,450 shares in the last quarter. Royal Bank of Canada raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 10.4% in the 1st quarter. Royal Bank of Canada now owns 1,567,531 shares of the company’s stock valued at $45,003,000 after buying an additional 148,098 shares in the last quarter. Financial Enhancement Group LLC raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 7.9% in the 3rd quarter. Financial Enhancement Group LLC now owns 719,087 shares of the company’s stock valued at $22,199,000 after buying an additional 52,573 shares in the last quarter. Valmark Advisers Inc. raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 3.5% in the 1st quarter. Valmark Advisers Inc. now owns 619,499 shares of the company’s stock valued at $17,786,000 after buying an additional 20,844 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 10.9% during the 1st quarter. Cetera Investment Advisers now owns 472,312 shares of the company’s stock worth $13,560,000 after acquiring an additional 46,246 shares during the period.

First Trust Global Tactical Commodity Strategy Fund Price Performance

FTGC stock opened at $31.20 on Friday. First Trust Global Tactical Commodity Strategy Fund has a twelve month low of $22.70 and a twelve month high of $31.71. The business’s 50-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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a $0.1317 dividend. The ex-dividend date was Thursday, September 24th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 1.7%. This is a decrease from First Trust Global Tactical Commodity Strategy Fund’s previous quarterly dividend of $0.1691.

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.