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

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) saw a large decline in short interest in 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 days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

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

A number of institutional investors have recently added to or reduced their stakes in FTGC. CENTRAL TRUST Co purchased a new stake in First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter valued at approximately $26,000. Elevated Capital Advisors LLC purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the 4th quarter worth approximately $41,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of 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 in the last quarter. Ameriflex Group Inc. purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the 3rd quarter worth approximately $48,000. Finally, Newbridge Financial Services Group Inc. boosted its stake in shares of 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 in the last quarter.

First Trust Global Tactical Commodity Strategy Fund Price Performance

FTGC traded down $0.28 during trading on Tuesday, reaching $27.99. The company’s stock had a trading volume of 768,823 shares, compared to its average volume of 758,603. First Trust Global Tactical Commodity Strategy Fund has a 52-week low of $22.70 and a 52-week high of $30.65. The company’s fifty day moving average price is $29.11 and its 200-day moving average price is $26.83.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.4093 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 5.8%. 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.