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

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 197,705 shares, a decrease of 60.6% from the July 30th total of 501,375 shares. Based on an average daily trading volume, of 470,583 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Several institutional investors and hedge funds have recently bought and sold shares of FTGC. Jane Street Group LLC purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the first quarter valued at about $383,000. Darwin Wealth Management LLC acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the 2nd quarter worth $3,982,000. Bank of America Corp DE increased its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 115.1% in the 2nd quarter. Bank of America Corp DE now owns 51,984 shares of the company’s stock valued at $1,282,000 after purchasing an additional 27,813 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 211.5% in the second quarter. Benjamin Edwards Inc. now owns 101,674 shares of the company’s stock valued at $2,508,000 after purchasing an additional 69,031 shares during the period. Finally, MML Investors Services LLC lifted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 65.8% in the second quarter. MML Investors Services LLC now owns 104,850 shares of the company’s stock valued at $2,587,000 after purchasing an additional 41,603 shares during the period.

First Trust Global Tactical Commodity Strategy Fund Trading Up 0.3%

Shares of FTGC stock traded up $0.08 during trading on Friday, reaching $30.69. The company’s stock had a trading volume of 131,764 shares, compared to its average volume of 732,556. First Trust Global Tactical Commodity Strategy Fund has a 1-year low of $22.70 and a 1-year high of $30.83. The stock’s 50-day moving average price is $28.72 and its 200 day moving average price is $28.30.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

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

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.