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 recipient of a significant 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. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 562,500 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On First Trust Global Tactical Commodity Strategy Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Kestra Private Wealth Services LLC raised its holdings in First Trust Global Tactical Commodity Strategy Fund by 3.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 63,325 shares of the company's stock valued at $1,515,000 after acquiring an additional 2,387 shares during the period. Focus Financial Network Inc. grew its stake in First Trust Global Tactical Commodity Strategy Fund by 1.9% during the 4th quarter. Focus Financial Network Inc. now owns 25,158 shares of the company's stock valued at $602,000 after purchasing an additional 471 shares during the last quarter. Sovran Advisors LLC purchased a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the fourth quarter worth $300,000. Gladstone Institutional Advisory LLC grew its holdings in First Trust Global Tactical Commodity Strategy Fund by 17.5% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 231,429 shares of the company's stock worth $5,538,000 after acquiring an additional 34,523 shares during the period. Finally, Blue Trust Inc. acquired a new position in First Trust Global Tactical Commodity Strategy Fund in the 4th quarter worth about $45,000.

First Trust Global Tactical Commodity Strategy Fund Trading Up 0.1%

FTGC stock traded up $0.02 during trading on Thursday, hitting $25.01. 185,405 shares of the company traded hands, compared to its average volume of 475,313. First Trust Global Tactical Commodity Strategy Fund has a 1 year low of $22.22 and a 1 year high of $25.97. The company has a 50-day moving average of $24.36 and a 200-day moving average of $24.56.

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 dividend of $0.1417 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.57 annualized dividend and a dividend yield of 2.27%.

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.