First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Shares Shorted: Short Interest Down 46.3% in September

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC – Get Free Report) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 188,399 shares, a decrease of 46.3% from the August 31st total of 350,726 shares. Based on an average daily trading volume, of 579,320 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

First Trust Global Tactical Commodity Strategy Fund Price Performance

Shares of FTGC traded down $0.04 during mid-day trading on Thursday, hitting $30.55. The stock had a trading volume of 356,395 shares, compared to its average volume of 709,972. The company’s fifty day simple moving average is $30.29 and its two-hundred day simple moving average is $29.20. First Trust Global Tactical Commodity Strategy Fund has a fifty-two week low of $22.70 and a fifty-two week high of $31.71.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.1317 dividend. This is a drop from First Trust Global Tactical Commodity Strategy Fund’s previous quarterly dividend of $0.1691. This represents a $0.53 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, September 24th.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the 2nd quarter valued at about $12,719,000. Envestnet Asset Management Inc. raised its stake in First Trust Global Tactical Commodity Strategy Fund by 880.6% during the second quarter. Envestnet Asset Management Inc. now owns 7,478,012 shares of the company’s stock worth $202,280,000 after acquiring an additional 6,715,450 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in First Trust Global Tactical Commodity Strategy Fund by 11.9% in the second quarter. Integrated Wealth Concepts LLC now owns 165,437 shares of the company’s stock worth $4,475,000 after acquiring an additional 17,656 shares during the last quarter. RFG Advisory LLC lifted its holdings in First Trust Global Tactical Commodity Strategy Fund by 71.0% in the second quarter. RFG Advisory LLC now owns 79,217 shares of the company’s stock worth $2,143,000 after acquiring an additional 32,891 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in First Trust Global Tactical Commodity Strategy Fund by 6.8% in the second quarter. NewEdge Advisors LLC now owns 280,803 shares of the company’s stock valued at $7,596,000 after acquiring an additional 17,993 shares during the period.

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. FTGC was launched on Oct 23, 2013 and is managed by First Trust.

Further Reading

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