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

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 197,705 shares, a decrease of 60.6% from the July 30th total of 501,375 shares. Based on an average daily volume of 470,583 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

A number of institutional investors have recently modified their holdings of FTGC. Kovack Advisors Inc. lifted its stake in First Trust Global Tactical Commodity Strategy Fund by 3.1% in the fourth quarter. Kovack Advisors Inc. now owns 20,043 shares of the company’s stock worth $466,000 after acquiring an additional 612 shares during the period. Orion Porfolio Solutions LLC boosted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 0.8% in the 4th quarter. Orion Porfolio Solutions LLC now owns 80,163 shares of the company’s stock worth $1,862,000 after purchasing an additional 645 shares in the last quarter. Barnes Wealth Management Group Inc boosted its holdings in First Trust Global Tactical Commodity Strategy Fund by 8.8% in the third quarter. Barnes Wealth Management Group Inc now owns 9,348 shares of the company’s stock worth $242,000 after acquiring an additional 755 shares in the last quarter. Visionary Wealth Advisors boosted its stake in First Trust Global Tactical Commodity Strategy Fund by 9.3% in the 4th quarter. Visionary Wealth Advisors now owns 8,879 shares of the company’s stock worth $206,000 after purchasing an additional 756 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of 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 worth $220,000 after buying an additional 759 shares in the last quarter.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

NASDAQ FTGC traded up $0.07 during trading on Friday, hitting $30.68. 329,208 shares of the company’s stock traded hands, compared to its average volume of 733,787. First Trust Global Tactical Commodity Strategy Fund has a 12-month low of $22.70 and a 12-month high of $30.83. The stock has a fifty day moving average of $28.78 and a two-hundred day moving average of $28.31.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

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

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.