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

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 - Get Free Report) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 1,400 shares, a decline of 81.1% from the August 15th total of 7,400 shares. Based on an average daily volume of 655,600 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 655,600 shares, the short-interest ratio is currently 0.0 days.

First Trust Global Tactical Commodity Strategy Fund Stock Up 0.6%

Shares of First Trust Global Tactical Commodity Strategy Fund stock traded up $0.15 on Tuesday, hitting $26.32. The stock had a trading volume of 593,271 shares, compared to its average volume of 581,556. First Trust Global Tactical Commodity Strategy Fund has a 52-week low of $22.92 and a 52-week high of $26.33. The company's 50 day moving average price is $25.26 and its 200 day moving average price is $24.93.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were paid a dividend of $0.1509 per share. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.60 annualized dividend and a yield of 2.3%. This is a boost from First Trust Global Tactical Commodity Strategy Fund's previous quarterly dividend of $0.14.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTGC. Crewe Advisors LLC purchased a new stake in First Trust Global Tactical Commodity Strategy Fund during the 2nd quarter valued at approximately $27,000. CX Institutional purchased a new stake in First Trust Global Tactical Commodity Strategy Fund during the 1st quarter valued at approximately $29,000. Creative Financial Designs Inc. ADV increased its position in 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 during the period. Ameriflex Group Inc. acquired a new position in First Trust Global Tactical Commodity Strategy Fund during the 4th quarter worth approximately $50,000. Finally, AdvisorNet Financial Inc increased its position 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 worth $59,000 after purchasing an additional 1,058 shares during the period.

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.