Short Interest in First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Drops By 67.3%

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 209,200 shares, a decline of 67.3% from the February 28th total of 640,500 shares. Based on an average daily trading volume, of 522,800 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

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

Large investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the fourth quarter valued at $838,000. Centaurus Financial Inc. bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the 4th quarter valued at about $330,000. Copia Wealth Management acquired a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the 4th quarter worth approximately $235,000. Park Square Financial Group LLC acquired a new position in First Trust Global Tactical Commodity Strategy Fund in the fourth quarter valued at approximately $927,000. Finally, ABLE Financial Group LLC grew its holdings in First Trust Global Tactical Commodity Strategy Fund by 12.0% during the 4th quarter. ABLE Financial Group LLC now owns 201,226 shares of the company’s stock worth $4,815,000 after acquiring an additional 21,569 shares during the period.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

Shares of NASDAQ:FTGC traded down $0.01 during trading on Friday, reaching $25.32. The stock had a trading volume of 576,211 shares, compared to its average volume of 440,311. First Trust Global Tactical Commodity Strategy Fund has a 52 week low of $22.22 and a 52 week high of $25.97. The business’s 50-day moving average price is $25.19 and its 200 day moving average price is $24.23.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a $0.1417 dividend. This represents a $0.57 annualized dividend and a yield of 2.24%. The ex-dividend date is Thursday, March 27th.

About First Trust Global Tactical Commodity Strategy Fund

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.