First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Up 77.4% in August

by · The Cerbat Gem

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC – Get Free Report) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 350,726 shares, a growth of 77.4% from the August 15th total of 197,705 shares. Based on an average daily volume of 406,224 shares, the short-interest ratio is presently 0.9 days. Currently, 0.3% of the company’s stock are sold short.

First Trust Global Tactical Commodity Strategy Fund Price Performance

Shares of FTGC stock traded down $0.18 during trading hours on Wednesday, reaching $31.39. 598,098 shares of the company’s stock were exchanged, compared to its average volume of 723,446. The stock’s fifty day moving average price is $29.75 and its two-hundred day moving average price is $28.88. First Trust Global Tactical Commodity Strategy Fund has a 1 year low of $22.70 and a 1 year high of $31.71.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

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

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Guardian Wealth Advisors LLC NC increased its position in shares of First Trust Global Tactical Commodity Strategy Fund by 3.8% in the fourth quarter. Guardian Wealth Advisors LLC NC now owns 133,728 shares of the company’s stock valued at $3,106,000 after buying an additional 4,935 shares in the last quarter. Capital Financial Group Inc. Co. ADV purchased a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the fourth quarter worth about $497,000. Concorde Asset Management LLC lifted its stake in First Trust Global Tactical Commodity Strategy Fund by 89.0% in the 4th quarter. Concorde Asset Management LLC now owns 27,432 shares of the company’s stock worth $637,000 after purchasing an additional 12,914 shares in the last quarter. Avestar Capital LLC acquired a new position in First Trust Global Tactical Commodity Strategy Fund during the fourth quarter worth $2,403,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 15.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 747,842 shares of the company’s stock valued at $17,372,000 after acquiring an additional 98,436 shares during the last quarter.

About First Trust Global Tactical Commodity Strategy Fund

(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.

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