First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Up 11,771.4% in September

Key Points

• The short interest in the First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) surged by 11,771.4% in September, totaling 166,200 shares.
• The fund recently announced a dividend increase, declaring a quarterly dividend of $0.1641 per share, compared to the previous $0.15, leading to a yield of 2.5%.
• In trading on Tuesday, the FTGC stock price decreased by 0.3%, closing at $25.93, with a trading volume of 157,035 shares.

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - ) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 166,200 shares, a growth of 11,771.4% from the August 31st total of 1,400 shares. Based on an average trading volume of 571,200 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 571,200 shares, the days-to-cover ratio is currently 0.3 days.

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

Several institutional investors and hedge funds have recently made changes to their positions in FTGC. Merit Financial Group LLC increased its position in shares of First Trust Global Tactical Commodity Strategy Fund by 2.4% during the first quarter. Merit Financial Group LLC now owns 20,030 shares of the company's stock valued at $511,000 after purchasing an additional 464 shares during the period. Moors & Cabot Inc. increased its position in shares of First Trust Global Tactical Commodity Strategy Fund by 2.3% during the first quarter. Moors & Cabot Inc. now owns 21,416 shares of the company's stock valued at $547,000 after purchasing an additional 483 shares during the period. Callan Family Office LLC increased its position in shares of First Trust Global Tactical Commodity Strategy Fund by 1.9% during the second quarter. Callan Family Office LLC now owns 27,500 shares of the company's stock valued at $678,000 after purchasing an additional 500 shares during the period. Kestra Private Wealth Services LLC increased its position in shares of First Trust Global Tactical Commodity Strategy Fund by 0.8% during the first quarter. Kestra Private Wealth Services LLC now owns 63,845 shares of the company's stock valued at $1,629,000 after purchasing an additional 520 shares during the period. Finally, Lunt Capital Management Inc. increased its position in shares of First Trust Global Tactical Commodity Strategy Fund by 2.6% during the first quarter. Lunt Capital Management Inc. now owns 22,747 shares of the company's stock valued at $581,000 after purchasing an additional 567 shares during the period.

First Trust Global Tactical Commodity Strategy Fund Stock Down 0.3%

NASDAQ:FTGC traded down $0.09 during trading hours on Tuesday, hitting $25.93. The stock had a trading volume of 157,035 shares, compared to its average volume of 565,370. First Trust Global Tactical Commodity Strategy Fund has a 1-year low of $22.92 and a 1-year high of $26.33. The business has a 50 day simple moving average of $25.39 and a two-hundred day simple moving average of $25.00.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th will be given a $0.1641 dividend. This represents a $0.66 annualized dividend and a yield of 2.5%. This is a positive change from First Trust Global Tactical Commodity Strategy Fund's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, September 25th.

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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