First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Update

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the target of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 8,300 shares, a decline of 97.0% from the October 31st total of 278,300 shares. Based on an average trading volume of 403,300 shares, the days-to-cover ratio is presently 0.0 days.

First Trust Global Tactical Commodity Strategy Fund Trading Down 0.4 %

FTGC traded down $0.10 on Wednesday, hitting $23.61. 215,864 shares of the company were exchanged, compared to its average volume of 502,777. The business’s fifty day moving average is $23.65 and its 200 day moving average is $23.59. First Trust Global Tactical Commodity Strategy Fund has a fifty-two week low of $22.03 and a fifty-two week high of $24.98.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.1867 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.75 annualized dividend and a dividend yield of 3.16%.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Several large investors have recently modified their holdings of FTGC. US Bancorp DE raised its stake in First Trust Global Tactical Commodity Strategy Fund by 84.5% during the third quarter. US Bancorp DE now owns 1,118 shares of the company’s stock worth $26,000 after purchasing an additional 512 shares during the period. Brown Brothers Harriman & Co. raised its stake in First Trust Global Tactical Commodity Strategy Fund by 301.0% during the third quarter. Brown Brothers Harriman & Co. now owns 1,600 shares of the company’s stock worth $38,000 after purchasing an additional 1,201 shares during the period. Zions Bancorporation N.A. purchased a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the 2nd quarter valued at $43,000. Values First Advisors Inc. purchased a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter valued at $46,000. Finally, Strategic Financial Concepts LLC raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 336.2% in the 2nd quarter. Strategic Financial Concepts LLC now owns 211,182 shares of the company’s stock valued at $50,000 after acquiring an additional 162,773 shares during the period.

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.