First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Stock Short Interest Report for September

Key Points

• Short interest fell 36.6% in September to 119,512 shares, representing just 0.1% of FTGC’s shares outstanding and a 0.2-day days-to-cover ratio.
• FTGC shares opened at $31.04, near their 12-month high of $31.71, and traded above both their 50-day and 200-day moving averages.
• The fund reduced its quarterly dividend to $0.1317 per share from $0.1691, implying an annualized dividend of $0.53 and a 1.7% yield; several hedge funds nevertheless increased or initiated positions.

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - ) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 119,512 shares, a decrease of 36.6% from the September 15th total of 188,399 shares. Based on an average daily trading volume, of 517,601 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company's stock are short sold.

First Trust Global Tactical Commodity Strategy Fund Price Performance

Shares of FTGC opened at $31.04 on Friday. The firm has a 50 day moving average of $30.74 and a 200 day moving average of $29.39. First Trust Global Tactical Commodity Strategy Fund has a twelve month low of $22.70 and a twelve month high of $31.71.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a dividend of $0.1317 per share. This represents a $0.53 annualized dividend and a dividend yield of 1.7%. This is a drop from First Trust Global Tactical Commodity Strategy Fund's previous quarterly dividend of $0.1691. The ex-dividend date of this dividend was Thursday, September 24th.

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

Hedge funds have recently bought and sold shares of the business. Iams Wealth Management LLC bought a new position in First Trust Global Tactical Commodity Strategy Fund during the 3rd quarter valued at about $230,000. HBW Advisory Services LLC grew its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 10.5% in the third quarter. HBW Advisory Services LLC now owns 15,422 shares of the company's stock worth $472,000 after acquiring an additional 1,471 shares during the period. ABLE Financial Group LLC grew its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 3.2% in the third quarter. ABLE Financial Group LLC now owns 219,980 shares of the company's stock worth $6,729,000 after acquiring an additional 6,889 shares during the period. Focus Financial Network Inc. grew its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 8.3% in the third quarter. Focus Financial Network Inc. now owns 39,077 shares of the company's stock worth $1,195,000 after acquiring an additional 3,004 shares during the period. Finally, Signal Advisors Wealth LLC purchased a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the third quarter valued at approximately $255,000.

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. FTGC was launched on Oct 23, 2013 and is managed by First Trust.

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