First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Stock Short Interest Report for October

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 964,856 shares, a growth of 707.3% from the September 30th total of 119,512 shares. Based on an average daily volume of 568,620 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.9% of the company’s stock are short sold.

First Trust Global Tactical Commodity Strategy Fund Price Performance

Shares of FTGC traded up $0.05 during trading hours on Wednesday, hitting $30.49. The company had a trading volume of 302,092 shares, compared to its average volume of 694,354. The business has a fifty day moving average of $30.92 and a 200-day moving average of $28.51. First Trust Global Tactical Commodity Strategy Fund has a 12 month low of $22.70 and a 12 month high of $31.71.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a dividend of $0.1317 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 1.7%. This is a drop from First Trust Global Tactical Commodity Strategy Fund’s previous quarterly dividend of $0.1691. The ex-dividend date was Thursday, September 24th.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

A number of large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its stake 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 valued at $202,280,000 after purchasing an additional 6,715,450 shares in the last quarter. Royal Bank of Canada grew its stake 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 buying an additional 148,098 shares during the period. Financial Enhancement Group LLC increased its position in First Trust Global Tactical Commodity Strategy Fund by 7.9% in the 3rd quarter. Financial Enhancement Group LLC now owns 719,087 shares of the company’s stock valued at $22,199,000 after buying an additional 52,573 shares in the last quarter. Valmark Advisers Inc. increased its position in First Trust Global Tactical Commodity Strategy Fund by 3.5% in the 1st quarter. Valmark Advisers Inc. now owns 619,499 shares of the company’s stock valued at $17,786,000 after buying an additional 20,844 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in First Trust Global Tactical Commodity Strategy Fund by 10.9% during the 1st 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 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.