First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Down 81.1% in August

Key Points

• Short interest in the First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) has significantly decreased by 81.1% in August, dropping to just 1,400 shares as of August 31st.
• Despite a slight decline in stock price to $25.68, the fund recently increased its quarterly dividend to $0.1509 per share, reflecting a yield of 2.4%.
• Hedge funds have shown increased interest in the fund, with several firms making new investments or increasing their stakes during the fourth quarter.

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - ) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,400 shares, a decrease of 81.1% from the August 15th total of 7,400 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 655,600 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 655,600 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

First Trust Global Tactical Commodity Strategy Fund stock traded down $0.10 during mid-day trading on Thursday, hitting $25.68. The company's stock had a trading volume of 233,557 shares, compared to its average volume of 584,813. The business has a 50 day moving average price of $25.25 and a 200-day moving average price of $24.92. First Trust Global Tactical Commodity Strategy Fund has a 12 month low of $22.62 and a 12 month 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. Stockholders of record on Thursday, June 26th were paid a dividend of $0.1509 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.4%. This is a positive change from First Trust Global Tactical Commodity Strategy Fund's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, June 26th.

Hedge Funds Weigh In On First Trust Global Tactical Commodity Strategy Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. bought a new position in First Trust Global Tactical Commodity Strategy Fund in the fourth quarter worth about $2,324,000. Visionary Wealth Advisors grew its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 2.3% during the fourth quarter. Visionary Wealth Advisors now owns 33,876 shares of the company's stock valued at $811,000 after buying an additional 772 shares during the last quarter. First Heartland Consultants Inc. purchased a new stake in First Trust Global Tactical Commodity Strategy Fund in the fourth quarter worth approximately $458,000. Focus Partners Advisor Solutions LLC boosted its holdings in First Trust Global Tactical Commodity Strategy Fund by 4.4% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 11,503 shares of the company's stock worth $275,000 after purchasing an additional 488 shares during the last quarter. Finally, Parr Mcknight Wealth Management Group LLC purchased a new stake in First Trust Global Tactical Commodity Strategy Fund in the fourth quarter worth approximately $2,477,000.

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.

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