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

Key Points

• First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) experienced a 223.1% increase in short interest in July, rising to 257,500 shares from 79,700 shares, with a short-interest ratio of 0.4 days.
• Institutional investors have shown significant interest, with CW Advisors LLC and Raymond James Financial Inc. acquiring stakes valued at approximately $19.9 million and $18.8 million, respectively, during recent quarters.
• The fund announced an increase in its quarterly dividend to $0.1509 per share, representing an annual yield of 2.4%, up from the previous dividend of $0.14.

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - ) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 257,500 shares, anincreaseof223.1% from the July 15th total of 79,700 shares. Based on an average daily trading volume, of 616,800 shares, the short-interest ratio is presently 0.4 days. Approximately0.3% of the shares of the stock are short sold. Approximately0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 616,800 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. CW Advisors LLC acquired a new position in First Trust Global Tactical Commodity Strategy Fund in the second quarter valued at approximately $19,922,000. Raymond James Financial Inc. acquired a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the fourth quarter valued at $18,836,000. LPL Financial LLC raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 24.9% in the first quarter. LPL Financial LLC now owns 2,861,014 shares of the company's stock valued at $73,013,000 after acquiring an additional 569,999 shares in the last quarter. IFP Advisors Inc raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 9,621.4% in the first quarter. IFP Advisors Inc now owns 554,022 shares of the company's stock valued at $14,139,000 after acquiring an additional 548,323 shares in the last quarter. Finally, Carrera Capital Advisors raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 192.2% in the first quarter. Carrera Capital Advisors now owns 496,844 shares of the company's stock valued at $12,679,000 after acquiring an additional 326,799 shares in the last quarter.

First Trust Global Tactical Commodity Strategy Fund Trading Up 0.4%

FTGC stock traded up $0.10 during trading on Friday, hitting $24.88. The stock had a trading volume of 390,616 shares, compared to its average volume of 588,996. First Trust Global Tactical Commodity Strategy Fund has a twelve month low of $22.22 and a twelve month high of $26.01. The company's 50-day moving average price is $25.17 and its two-hundred day moving average price is $24.92.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

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

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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