First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Update

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 272,500 shares, an increase of 27.2% from the September 30th total of 214,300 shares. Based on an average daily volume of 461,600 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Advisors LLC raised its holdings in First Trust Global Tactical Commodity Strategy Fund by 222.8% in the first quarter. Cetera Advisors LLC now owns 277,934 shares of the company’s stock worth $6,593,000 after purchasing an additional 191,836 shares in the last quarter. HFG Wealth Management LLC increased its position in shares of First Trust Global Tactical Commodity Strategy Fund by 5.5% during the first quarter. HFG Wealth Management LLC now owns 470,885 shares of the company’s stock valued at $11,169,000 after acquiring an additional 24,350 shares in the last quarter. BOKF NA purchased a new position in First Trust Global Tactical Commodity Strategy Fund in the 1st quarter worth approximately $174,000. Jaffetilchin Investment Partners LLC lifted its position in First Trust Global Tactical Commodity Strategy Fund by 115.0% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 35,127 shares of the company’s stock valued at $833,000 after acquiring an additional 18,789 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its stake in First Trust Global Tactical Commodity Strategy Fund by 6.2% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 191,298 shares of the company’s stock valued at $4,591,000 after purchasing an additional 11,202 shares during the last quarter.

First Trust Global Tactical Commodity Strategy Fund Stock Up 0.3 %

Shares of FTGC opened at $23.40 on Wednesday. First Trust Global Tactical Commodity Strategy Fund has a 1-year low of $22.03 and a 1-year high of $24.98. The firm’s 50-day moving average price is $23.36 and its 200-day moving average price is $23.69.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.1867 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend was Thursday, September 26th.

About First Trust Global Tactical Commodity Strategy Fund

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.