Short Interest in First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Decreases By 99.4%

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 14,265 shares, a decline of 99.4% from the May 14th total of 2,257,854 shares. Based on an average daily volume of 852,862 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On First Trust Global Tactical Commodity Strategy Fund

Several institutional investors and hedge funds have recently modified their holdings of FTGC. CENTRAL TRUST Co acquired a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter valued at $26,000. Elevated Capital Advisors LLC acquired a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the 4th quarter valued at $41,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 1,207.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,817 shares of the company’s stock valued at $42,000 after purchasing an additional 1,678 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter valued at $48,000. Finally, Newbridge Financial Services Group Inc. lifted its position in First Trust Global Tactical Commodity Strategy Fund by 99.9% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 2,233 shares of the company’s stock worth $52,000 after acquiring an additional 1,116 shares during the last quarter.

First Trust Global Tactical Commodity Strategy Fund Stock Down 0.2%

Shares of FTGC stock traded down $0.05 on Thursday, hitting $27.90. The company’s stock had a trading volume of 375,044 shares, compared to its average volume of 755,601. First Trust Global Tactical Commodity Strategy Fund has a fifty-two week low of $22.70 and a fifty-two week high of $30.65. The firm’s fifty day moving average price is $29.09 and its 200-day moving average price is $26.84.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.4093 dividend. This represents a $1.64 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend was Thursday, March 26th.

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. FTGC was launched on Oct 23, 2013 and is managed by First Trust.