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

by · The Cerbat Gem

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC – Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 272,500 shares, a growth of 27.2% from the September 30th total of 214,300 shares. Based on an average daily trading volume, of 461,600 shares, the short-interest ratio is presently 0.6 days.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

NASDAQ:FTGC traded down $0.03 during midday trading on Wednesday, reaching $23.37. The stock had a trading volume of 5,918 shares, compared to its average volume of 516,436. First Trust Global Tactical Commodity Strategy Fund has a 12-month low of $22.03 and a 12-month high of $24.98. The firm has a fifty day simple moving average of $23.37 and a two-hundred day simple moving average of $23.68.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.1867 per share. This represents a $0.75 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

A number of institutional investors have recently modified their holdings of FTGC. PNC Financial Services Group Inc. boosted its holdings in First Trust Global Tactical Commodity Strategy Fund by 206.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,498 shares of the company’s stock worth $34,000 after buying an additional 1,009 shares in the last quarter. tru Independence LLC increased its holdings in First Trust Global Tactical Commodity Strategy Fund by 47.0% during the 1st quarter. tru Independence LLC now owns 102,804 shares of the company’s stock valued at $2,439,000 after acquiring an additional 32,861 shares in the last quarter. Mainsail Financial Group LLC lifted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 3.1% in the first quarter. Mainsail Financial Group LLC now owns 275,051 shares of the company’s stock valued at $6,524,000 after purchasing an additional 8,333 shares in the last quarter. Csenge Advisory Group grew its position in shares of First Trust Global Tactical Commodity Strategy Fund by 4.3% in the first quarter. Csenge Advisory Group now owns 828,574 shares of the company’s stock valued at $19,654,000 after purchasing an additional 33,880 shares during the last quarter. Finally, Chiron Capital Management LLC increased its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 24.1% during the 1st quarter. Chiron Capital Management LLC now owns 76,536 shares of the company’s stock worth $1,815,000 after purchasing an additional 14,852 shares in the last quarter.

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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