First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Update

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,257,854 shares, an increase of 1,012.7% from the April 30th total of 202,908 shares. Currently, 2.5% of the shares of the company are short sold. Based on an average daily volume of 948,627 shares, the days-to-cover ratio is currently 2.4 days.

First Trust Global Tactical Commodity Strategy Fund Stock Down 0.8%

Shares of NASDAQ FTGC traded down $0.24 during trading hours on Wednesday, reaching $28.88. The stock had a trading volume of 1,077,467 shares, compared to its average volume of 772,427. 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 has a 50-day moving average of $29.03 and a 200-day moving average of $26.71.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a $0.4093 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.7%.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Hedge funds have recently added to or reduced their stakes in the stock. CENTRAL TRUST Co acquired a new stake in First Trust Global Tactical Commodity Strategy Fund during the 3rd quarter worth approximately $26,000. Elevated Capital Advisors LLC acquired a new stake in First Trust Global Tactical Commodity Strategy Fund during the 4th quarter worth approximately $41,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in First Trust Global Tactical Commodity Strategy Fund by 1,207.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,817 shares of the company’s stock worth $42,000 after acquiring an additional 1,678 shares during the period. Ameriflex Group Inc. acquired a new stake in First Trust Global Tactical Commodity Strategy Fund during the 3rd quarter worth approximately $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 period.

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.