Short Interest in First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Declines By 60.6%

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 197,705 shares, a decline of 60.6% from the July 30th total of 501,375 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 470,583 shares, the days-to-cover ratio is currently 0.4 days.

First Trust Global Tactical Commodity Strategy Fund Trading Up 0.2%

Shares of First Trust Global Tactical Commodity Strategy Fund stock traded up $0.07 on Friday, reaching $30.68. 329,208 shares of the company were exchanged, compared to its average volume of 733,787. First Trust Global Tactical Commodity Strategy Fund has a one year low of $22.70 and a one year high of $30.83. The company has a 50-day moving average of $28.78 and a 200 day moving average of $28.31.

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. This represents a $0.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Thursday, June 25th.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTGC. Royal Bank of Canada grew its position in shares of 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 acquiring an additional 148,098 shares during the period. UBS Group AG raised its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 1.8% in the 4th quarter. UBS Group AG now owns 1,373,318 shares of the company’s stock valued at $31,902,000 after purchasing an additional 23,761 shares during the period. Csenge Advisory Group lifted its stake in First Trust Global Tactical Commodity Strategy Fund by 9.6% in the 4th quarter. Csenge Advisory Group now owns 869,681 shares of the company’s stock valued at $20,203,000 after purchasing an additional 76,281 shares during the last quarter. Raymond James Financial Inc. lifted its stake in First Trust Global Tactical Commodity Strategy Fund by 5.4% in the 3rd quarter. Raymond James Financial Inc. now owns 772,753 shares of the company’s stock valued at $20,014,000 after purchasing an additional 39,469 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in First Trust Global Tactical Commodity Strategy Fund by 15.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 747,842 shares of the company’s stock valued at $17,372,000 after purchasing an additional 98,436 shares during the last quarter.

First Trust Global Tactical Commodity Strategy Fund Company Profile

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.