First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Up 27.2% in October

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 272,500 shares, a growth of 27.2% from the September 30th total of 214,300 shares. Based on an average daily volume of 461,600 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Several large investors have recently made changes to their positions in FTGC. US Bancorp DE raised its holdings in First Trust Global Tactical Commodity Strategy Fund by 84.5% during the 3rd 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 last quarter. PNC Financial Services Group Inc. boosted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 206.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,498 shares of the company’s stock worth $34,000 after buying an additional 1,009 shares during the period. Zions Bancorporation N.A. acquired a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the second quarter valued at approximately $43,000. Values First Advisors Inc. acquired a new stake in First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter valued at $46,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in First Trust Global Tactical Commodity Strategy Fund during the second quarter worth about $96,000.

First Trust Global Tactical Commodity Strategy Fund Trading Up 0.2 %

Shares of FTGC traded up $0.04 during mid-day trading on Wednesday, reaching $23.44. The company had a trading volume of 30,820 shares, compared to its average volume of 516,576. The company’s 50-day moving average is $23.37 and its 200-day moving average is $23.68. First Trust Global Tactical Commodity Strategy Fund has a twelve month low of $22.03 and a twelve month high of $24.98.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.1867 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.75 dividend on an annualized basis and a yield of 3.19%.

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.