First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Stock Short Interest Drops 36.6%

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 119,512 shares, a decline of 36.6% from the September 15th total of 188,399 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 517,601 shares, the short-interest ratio is presently 0.2 days.

First Trust Global Tactical Commodity Strategy Fund Trading Down 0.4%

Shares of FTGC opened at $31.04 on Friday. The firm has a fifty day simple moving average of $30.74 and a two-hundred day simple moving average of $29.39. 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 disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors 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 dividend yield of 1.7%.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in First Trust Global Tactical Commodity Strategy Fund by 880.6% in the second quarter. Envestnet Asset Management Inc. now owns 7,478,012 shares of the company’s stock worth $202,280,000 after purchasing an additional 6,715,450 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the 2nd quarter valued at about $12,719,000. Cooper Financial Group purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the 2nd quarter valued at about $10,454,000. Axxcess Wealth Management LLC lifted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 68.0% in the 4th quarter. Axxcess Wealth Management LLC now owns 464,568 shares of the company’s stock worth $10,792,000 after purchasing an additional 187,960 shares during the period. Finally, Financial Enhancement Group LLC lifted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 38.9% in the 2nd quarter. Financial Enhancement Group LLC now owns 666,514 shares of the company’s stock worth $18,029,000 after purchasing an additional 186,572 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. FTGC was launched on Oct 23, 2013 and is managed by First Trust.