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

Key Points

• The First Trust Global Tactical Commodity Strategy Fund (FTGC) experienced a significant rise in short interest, increasing by 54.2% in July, totaling 79,700 shares.
• FTGC declared a quarterly dividend of $0.1509 per share, marking an increase from the previous dividend of $0.14, resulting in an annualized yield of 2.4%.
• Several institutional investors, including Creative Financial Designs Inc. ADV and AdvisorNet Financial Inc., have made substantial adjustments to their stakes in FTGC recently.

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 79,700 shares, agrowthof54.2% from the June 30th total of 51,700 shares. Based on an average daily volume of 594,600 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 594,600 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Large investors have recently bought and sold shares of the business. Crewe Advisors LLC acquired a new stake in First Trust Global Tactical Commodity Strategy Fund during the 2nd quarter worth about $27,000. CX Institutional bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the 1st quarter worth about $29,000. Creative Financial Designs Inc. ADV boosted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 1,895.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,197 shares of the company's stock worth $30,000 after purchasing an additional 1,137 shares in the last quarter. Ameriflex Group Inc. bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the 4th quarter worth about $50,000. Finally, AdvisorNet Financial Inc boosted its stake in First Trust Global Tactical Commodity Strategy Fund by 83.4% during the 1st quarter. AdvisorNet Financial Inc now owns 2,326 shares of the company's stock valued at $59,000 after purchasing an additional 1,058 shares during the last quarter.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

NASDAQ FTGC traded up $0.06 on Monday, reaching $24.87. The company had a trading volume of 290,133 shares, compared to its average volume of 594,316. First Trust Global Tactical Commodity Strategy Fund has a fifty-two week low of $22.22 and a fifty-two week high of $26.01. The business has a 50 day moving average of $25.15 and a two-hundred day moving average of $24.92.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were issued a dividend of $0.1509 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Thursday, June 26th. This is an increase from First Trust Global Tactical Commodity Strategy Fund's previous quarterly dividend of $0.14.

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.