Short Interest in First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Increases By 77.4%

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 350,726 shares, a growth of 77.4% from the August 15th total of 197,705 shares. Based on an average daily volume of 406,224 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.3% of the shares of the company are short sold.

First Trust Global Tactical Commodity Strategy Fund Stock Down 0.4%

Shares of NASDAQ FTGC opened at $31.27 on Friday. The stock has a fifty day moving average price of $29.88 and a 200 day moving average price of $28.97. First Trust Global Tactical Commodity Strategy Fund has a 1-year low of $22.70 and a 1-year high of $31.71.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.1691 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.68 dividend on an annualized basis and a yield of 2.2%.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Several hedge funds and other institutional investors have recently made changes to their positions in FTGC. Rockefeller Capital Management L.P. raised its holdings in First Trust Global Tactical Commodity Strategy Fund by 8.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 9,471 shares of the company’s stock worth $220,000 after buying an additional 759 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in First Trust Global Tactical Commodity Strategy Fund by 10.4% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 8,227 shares of the company’s stock worth $236,000 after purchasing an additional 774 shares during the last quarter. Brookstone Capital Management grew its holdings in First Trust Global Tactical Commodity Strategy Fund by 7.2% in the 1st quarter. Brookstone Capital Management now owns 13,181 shares of the company’s stock valued at $378,000 after buying an additional 887 shares during the last quarter. Americana Partners LLC raised its position in shares of First Trust Global Tactical Commodity Strategy Fund by 9.2% during the fourth quarter. Americana Partners LLC now owns 11,750 shares of the company’s stock valued at $273,000 after buying an additional 994 shares during the last quarter. Finally, Western Wealth Management LLC increased its holdings in First Trust Global Tactical Commodity Strategy Fund by 1.5% in the 1st quarter. Western Wealth Management LLC now owns 70,567 shares of the company’s stock valued at $2,026,000 after buying an additional 1,068 shares during the period.

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.