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

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 - ) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 79,700 shares, anincreaseof54.2% from the June 30th total of 51,700 shares. Based on an average daily volume of 594,600 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 594,600 shares, the short-interest ratio is presently 0.1 days.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

Shares of FTGC opened at $24.67 on Thursday. The business's 50-day moving average is $25.12 and its 200-day moving average is $24.92. 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.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

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

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

A number of institutional investors have recently added to or reduced their stakes in FTGC. Crewe Advisors LLC acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the 2nd quarter valued at about $27,000. CX Institutional acquired a new position in First Trust Global Tactical Commodity Strategy Fund during the first quarter valued at approximately $29,000. Creative Financial Designs Inc. ADV grew its holdings in First Trust Global Tactical Commodity Strategy Fund by 1,895.0% during the second quarter. Creative Financial Designs Inc. ADV now owns 1,197 shares of the company's stock valued at $30,000 after purchasing an additional 1,137 shares during the last quarter. Ameriflex Group Inc. bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the fourth quarter valued at approximately $50,000. Finally, AdvisorNet Financial Inc lifted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 83.4% in the first quarter. AdvisorNet Financial Inc now owns 2,326 shares of the company's stock worth $59,000 after buying an additional 1,058 shares during the last quarter.

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.

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