First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Update

by · The Cerbat Gem

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC – Get Free Report) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 214,300 shares, an increase of 555.4% from the September 15th total of 32,700 shares. Based on an average trading volume of 501,400 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Guardian Wealth Advisors LLC NC lifted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 15.2% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 91,479 shares of the company’s stock worth $2,053,000 after acquiring an additional 12,042 shares during the last quarter. Aspect Partners LLC bought a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the fourth quarter worth $882,000. Creekmur Asset Management LLC bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the fourth quarter worth about $550,000. PNC Financial Services Group Inc. grew its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 206.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,498 shares of the company’s stock worth $34,000 after purchasing an additional 1,009 shares during the last quarter. Finally, BKA Wealth Consulting Inc. increased its stake in First Trust Global Tactical Commodity Strategy Fund by 10.3% in the 1st quarter. BKA Wealth Consulting Inc. now owns 19,654 shares of the company’s stock worth $466,000 after buying an additional 1,831 shares during the period.

First Trust Global Tactical Commodity Strategy Fund Price Performance

Shares of FTGC traded up $0.33 on Thursday, hitting $24.02. 187,590 shares of the stock traded hands, compared to its average volume of 535,800. The business has a 50 day simple moving average of $23.14 and a 200 day simple moving average of $23.73. First Trust Global Tactical Commodity Strategy Fund has a one year low of $22.03 and a one year high of $24.98.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.1867 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.75 annualized dividend and a yield of 3.11%.

First Trust Global Tactical Commodity Strategy Fund Company Profile

(Get Free Report)

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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