First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Up 76.4% in March

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 369,100 shares, an increase of 76.4% from the March 15th total of 209,200 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 571,300 shares, the short-interest ratio is currently 0.6 days.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Copia Wealth Management increased its position in shares of First Trust Global Tactical Commodity Strategy Fund by 9.0% in the first quarter. Copia Wealth Management now owns 10,685 shares of the company’s stock valued at $273,000 after acquiring an additional 883 shares during the period. Cyndeo Wealth Partners LLC lifted its holdings in First Trust Global Tactical Commodity Strategy Fund by 4.0% in the 1st quarter. Cyndeo Wealth Partners LLC now owns 884,476 shares of the company’s stock worth $22,572,000 after buying an additional 33,623 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of First Trust Global Tactical Commodity Strategy Fund by 19.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,835 shares of the company’s stock worth $1,068,000 after buying an additional 6,828 shares during the last quarter. Mainsail Financial Group LLC increased its position in First Trust Global Tactical Commodity Strategy Fund by 4.2% during the 1st quarter. Mainsail Financial Group LLC now owns 381,744 shares of the company’s stock valued at $9,742,000 after purchasing an additional 15,268 shares during the period. Finally, CX Institutional bought a new position in First Trust Global Tactical Commodity Strategy Fund in the first quarter worth about $29,000.

First Trust Global Tactical Commodity Strategy Fund Trading Up 0.6 %

Shares of NASDAQ FTGC traded up $0.14 during midday trading on Friday, reaching $24.47. The company had a trading volume of 954,951 shares, compared to its average volume of 464,738. The firm’s fifty day moving average price is $24.95 and its 200-day moving average price is $24.33. First Trust Global Tactical Commodity Strategy Fund has a one year low of $22.22 and a one year high of $25.97.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.1417 dividend. This represents a $0.57 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Thursday, March 27th.

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.