First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Down 99.1% in May

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - Get Free Report) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 2,500 shares, a drop of 99.1% from the April 30th total of 289,000 shares. Based on an average daily volume of 570,400 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

First Trust Global Tactical Commodity Strategy Fund Price Performance

Shares of NASDAQ:FTGC traded down $0.12 during midday trading on Friday, reaching $23.99. 376,444 shares of the company's stock were exchanged, compared to its average volume of 472,861. The company's 50 day simple moving average is $24.43 and its two-hundred day simple moving average is $24.52. 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 business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a $0.1417 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Thursday, March 27th.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Flaharty Asset Management LLC boosted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 0.4% in the first quarter. Flaharty Asset Management LLC now owns 905,877 shares of the company's stock valued at $23,118,000 after buying an additional 3,399 shares during the period. Jane Street Group LLC acquired a new stake in First Trust Global Tactical Commodity Strategy Fund in the first quarter valued at $383,000. Coppell Advisory Solutions LLC acquired a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the 1st quarter worth about $1,264,000. Ashton Thomas Private Wealth LLC raised its stake in First Trust Global Tactical Commodity Strategy Fund by 28.5% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 23,782 shares of the company's stock worth $607,000 after purchasing an additional 5,268 shares in the last quarter. Finally, Raab & Moskowitz Asset Management LLC raised its stake in First Trust Global Tactical Commodity Strategy Fund by 1.7% in the 1st quarter. Raab & Moskowitz Asset Management LLC now owns 58,154 shares of the company's stock worth $1,484,000 after purchasing an additional 967 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.