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

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - Get Free Report) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 156,600 shares, an increase of 6,164.0% from the May 15th total of 2,500 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 562,500 shares, the short-interest ratio is presently 0.3 days.

First Trust Global Tactical Commodity Strategy Fund Stock Up 2.0%

NASDAQ FTGC traded up $0.50 during trading hours on Friday, reaching $25.53. The company's stock had a trading volume of 411,635 shares, compared to its average volume of 474,332. The firm's 50-day moving average price is $24.44 and its 200-day moving average price is $24.59. First Trust Global Tactical Commodity Strategy Fund has a 1 year low of $22.22 and a 1 year high of $25.97.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.1417 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.57 dividend on an annualized basis and a yield of 2.22%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its holdings in First Trust Global Tactical Commodity Strategy Fund by 6.7% in the 4th quarter. Wells Fargo & Company MN now owns 36,948,435 shares of the company's stock worth $884,176,000 after purchasing an additional 2,326,568 shares in the last quarter. LPL Financial LLC increased its stake in First Trust Global Tactical Commodity Strategy Fund by 24.9% in the 1st quarter. LPL Financial LLC now owns 2,861,014 shares of the company's stock worth $73,013,000 after acquiring an additional 569,999 shares during the last quarter. Total Investment Management Inc. increased its stake in First Trust Global Tactical Commodity Strategy Fund by 6.8% in the 1st quarter. Total Investment Management Inc. now owns 2,097,516 shares of the company's stock worth $53,529,000 after acquiring an additional 133,986 shares during the last quarter. Raymond James Financial Inc. increased its stake in First Trust Global Tactical Commodity Strategy Fund by 34.9% in the 1st quarter. Raymond James Financial Inc. now owns 1,061,526 shares of the company's stock worth $27,090,000 after acquiring an additional 274,416 shares during the last quarter. Finally, Flaharty Asset Management LLC increased its stake in First Trust Global Tactical Commodity Strategy Fund by 0.4% in the 1st quarter. Flaharty Asset Management LLC now owns 905,877 shares of the company's stock worth $23,118,000 after acquiring an additional 3,399 shares during 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.