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

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - Get Free Report) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 48,800 shares, a decrease of 86.8% from the March 31st total of 369,100 shares. Based on an average trading volume of 589,100 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

Shares of NASDAQ FTGC remained flat at $24.18 during midday trading on Thursday. The company's stock had a trading volume of 452,785 shares, compared to its average volume of 465,305. The business's 50 day moving average price is $24.76 and its 200-day moving average price is $24.37. First Trust Global Tactical Commodity Strategy Fund has a 12 month low of $22.22 and a 12 month high of $25.97.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The firm 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 2.34%. The ex-dividend date was Thursday, March 27th.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Several large investors have recently made changes to their positions in FTGC. Wells Fargo & Company MN raised its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 6.7% in the fourth quarter. Wells Fargo & Company MN now owns 36,948,435 shares of the company's stock valued at $884,176,000 after buying an additional 2,326,568 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the fourth quarter worth about $18,836,000. Financial Enhancement Group LLC lifted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 3,947.8% during the fourth quarter. Financial Enhancement Group LLC now owns 369,604 shares of the company's stock worth $9,181,000 after purchasing an additional 360,473 shares in the last quarter. Fortress Wealth Management Inc. bought a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the fourth quarter valued at approximately $7,191,000. Finally, Strategic Financial Concepts LLC increased its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 2,537.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 233,011 shares of the company's stock valued at $5,576,000 after purchasing an additional 224,175 shares in the last quarter.

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.