First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Down 36.8% in October

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 79,700 shares, a drop of 36.8% from the September 30th total of 126,200 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 516,800 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 516,800 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

First Trust Global Tactical Commodity Strategy Fund Trading Up 0.9%

FTGC traded up $0.25 on Monday, hitting $26.77. The company had a trading volume of 229,654 shares, compared to its average volume of 563,937. First Trust Global Tactical Commodity Strategy Fund has a 12-month low of $22.92 and a 12-month high of $26.81. The business’s fifty day simple moving average is $25.91 and its 200 day simple moving average is $25.24.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were paid a dividend of $0.1641 per share. This is a boost from First Trust Global Tactical Commodity Strategy Fund’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, September 25th.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Several institutional investors and hedge funds have recently modified their holdings of FTGC. Crewe Advisors LLC acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the 2nd quarter worth about $27,000. Creative Financial Designs Inc. ADV boosted its position in First Trust Global Tactical Commodity Strategy Fund by 1,895.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,197 shares of the company’s stock valued at $30,000 after buying an additional 1,137 shares during the period. Versant Capital Management Inc purchased a new position in First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter valued at approximately $35,000. First United Bank & Trust lifted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 52.3% during the 3rd quarter. First United Bank & Trust now owns 2,285 shares of the company’s stock worth $59,000 after purchasing an additional 785 shares during the last quarter. Finally, Private Wealth Asset Management LLC lifted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 98.9% during the 2nd quarter. Private Wealth Asset Management LLC now owns 2,930 shares of the company’s stock worth $72,000 after purchasing an additional 1,457 shares during the last quarter.

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.