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

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - Get Free Report) was the target of a large growth in short interest in the month of 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 trading volume of 461,600 shares, the days-to-cover ratio is presently 0.6 days.

First Trust Global Tactical Commodity Strategy Fund Trading Up 0.6 %

Shares of FTGC traded up $0.14 during trading hours on Wednesday, hitting $23.54. The company had a trading volume of 359,301 shares, compared to its average volume of 518,141. First Trust Global Tactical Commodity Strategy Fund has a one year low of $22.03 and a one year high of $24.98. The company's fifty day moving average price is $23.37 and its two-hundred day moving average price is $23.68.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued 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 3.17%.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

A number of institutional investors have recently modified their holdings of the company. Total Investment Management Inc. acquired a new stake in First Trust Global Tactical Commodity Strategy Fund in the second quarter valued at approximately $43,857,000. Cetera Investment Advisers grew its stake in First Trust Global Tactical Commodity Strategy Fund by 87.5% during the 1st quarter. Cetera Investment Advisers now owns 592,631 shares of the company's stock worth $14,057,000 after buying an additional 276,594 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in First Trust Global Tactical Commodity Strategy Fund by 69.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 528,982 shares of the company's stock worth $12,648,000 after buying an additional 217,620 shares during the last quarter. Cetera Advisors LLC increased its position in First Trust Global Tactical Commodity Strategy Fund by 222.8% during the 1st quarter. Cetera Advisors LLC now owns 277,934 shares of the company's stock valued at $6,593,000 after buying an additional 191,836 shares in the last quarter. Finally, Strategic Financial Concepts LLC raised its stake in First Trust Global Tactical Commodity Strategy Fund by 336.2% in the second quarter. Strategic Financial Concepts LLC now owns 211,182 shares of the company's stock valued at $50,000 after buying an additional 162,773 shares during the last quarter.

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.