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

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 964,856 shares, an increase of 707.3% from the September 30th total of 119,512 shares. Based on an average daily volume of 568,620 shares, the short-interest ratio is presently 1.7 days. Currently, 0.9% of the shares of the stock are sold short.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its stake in First Trust Global Tactical Commodity Strategy Fund by 880.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,478,012 shares of the company’s stock valued at $202,280,000 after purchasing an additional 6,715,450 shares during the last quarter. Royal Bank of Canada lifted its holdings in First Trust Global Tactical Commodity Strategy Fund by 10.4% in the 1st quarter. Royal Bank of Canada now owns 1,567,531 shares of the company’s stock valued at $45,003,000 after purchasing an additional 148,098 shares in the last quarter. Financial Enhancement Group LLC boosted its stake in First Trust Global Tactical Commodity Strategy Fund by 7.9% during the 3rd quarter. Financial Enhancement Group LLC now owns 719,087 shares of the company’s stock worth $22,199,000 after purchasing an additional 52,573 shares during the last quarter. Valmark Advisers Inc. boosted its stake in First Trust Global Tactical Commodity Strategy Fund by 3.5% during the 1st quarter. Valmark Advisers Inc. now owns 619,499 shares of the company’s stock worth $17,786,000 after purchasing an additional 20,844 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 10.9% during the first quarter. Cetera Investment Advisers now owns 472,312 shares of the company’s stock worth $13,560,000 after buying an additional 46,246 shares in the last quarter.

First Trust Global Tactical Commodity Strategy Fund Stock Up 0.3%

NASDAQ FTGC opened at $30.52 on Thursday. First Trust Global Tactical Commodity Strategy Fund has a twelve month low of $22.70 and a twelve month high of $31.71. The stock has a 50-day moving average of $30.93 and a 200 day moving average of $28.54.

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. The ex-dividend date of this dividend was Thursday, September 24th. This is a decrease from First Trust Global Tactical Commodity Strategy Fund’s previous quarterly dividend of $0.1691. This represents a $0.53 annualized dividend and a yield of 1.7%.

About First Trust Global Tactical Commodity Strategy Fund

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.