First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sees Significant Increase in Short Interest

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - Get Free Report) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 342,200 shares, an increase of 482.0% from the March 15th total of 58,800 shares. Based on an average daily trading volume, of 718,100 shares, the short-interest ratio is presently 0.5 days.

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

Several institutional investors have recently added to or reduced their stakes in FTGC. Captrust Financial Advisors purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the 1st quarter worth about $30,000. Coppell Advisory Solutions Corp. purchased a new position in First Trust Global Tactical Commodity Strategy Fund during the 4th quarter valued at about $27,000. PNC Financial Services Group Inc. lifted its position in First Trust Global Tactical Commodity Strategy Fund by 206.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,498 shares of the company's stock valued at $34,000 after acquiring an additional 1,009 shares during the period. Sandy Spring Bank lifted its position in First Trust Global Tactical Commodity Strategy Fund by 73.4% during the 3rd quarter. Sandy Spring Bank now owns 1,777 shares of the company's stock valued at $43,000 after acquiring an additional 752 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in First Trust Global Tactical Commodity Strategy Fund by 6,363.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,327 shares of the company's stock valued at $52,000 after acquiring an additional 2,291 shares during the period.

First Trust Global Tactical Commodity Strategy Fund Price Performance

Shares of FTGC stock traded up $0.08 on Wednesday, hitting $24.47. 1,984,001 shares of the company's stock traded hands, compared to its average volume of 735,725. First Trust Global Tactical Commodity Strategy Fund has a one year low of $21.79 and a one year high of $25.06. The company's fifty day simple moving average is $23.40 and its 200 day simple moving average is $23.26.

First Trust Global Tactical Commodity Strategy Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were given a dividend of $0.164 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.66 annualized dividend and a yield of 2.68%.

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.