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 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 trading volume, of 852,862 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Institutional investors and hedge funds have recently modified their holdings of the company. HighTower Advisors LLC lifted its holdings in First Trust Global Tactical Commodity Strategy Fund by 0.4% in the 3rd quarter. HighTower Advisors LLC now owns 99,294 shares of the company’s stock worth $2,572,000 after purchasing an additional 382 shares in the last quarter. Northwest Wealth Management LLC raised its position in shares of First Trust Global Tactical Commodity Strategy Fund by 6.1% during the fourth quarter. Northwest Wealth Management LLC now owns 9,272 shares of the company’s stock valued at $215,000 after buying an additional 533 shares during the last quarter. Kovack Advisors Inc. lifted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 3.1% in the fourth quarter. Kovack Advisors Inc. now owns 20,043 shares of the company’s stock worth $466,000 after buying an additional 612 shares in the last quarter. Orion Porfolio Solutions LLC lifted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 0.8% in the fourth quarter. Orion Porfolio Solutions LLC now owns 80,163 shares of the company’s stock worth $1,862,000 after buying an additional 645 shares in the last quarter. Finally, Barnes Wealth Management Group Inc increased its holdings in First Trust Global Tactical Commodity Strategy Fund by 8.8% in the 3rd quarter. Barnes Wealth Management Group Inc now owns 9,348 shares of the company’s stock valued at $242,000 after acquiring an additional 755 shares during the last quarter.

First Trust Global Tactical Commodity Strategy Fund Trading Up 0.1%

Shares of NASDAQ:FTGC opened at $28.00 on Wednesday. The stock has a 50 day moving average of $29.11 and a 200 day moving average of $26.83. First Trust Global Tactical Commodity Strategy Fund has a 12-month low of $22.70 and a 12-month high of $30.65.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.4093 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date 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.