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

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

First Trust Global Tactical Commodity Strategy Fund Trading Down 0.0 %

First Trust Global Tactical Commodity Strategy Fund stock traded down $0.01 during trading hours on Friday, hitting $25.32. The stock had a trading volume of 576,211 shares, compared to its average volume of 441,897. The company has a 50-day moving average of $25.19 and a two-hundred day moving average of $24.21. First Trust Global Tactical Commodity Strategy Fund has a fifty-two week low of $22.22 and a fifty-two week high of $25.97.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be issued 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.

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

Several large investors have recently bought and sold shares of the company. Wells Fargo & Company MN lifted its position in First Trust Global Tactical Commodity Strategy Fund by 6.7% during the 4th quarter. Wells Fargo & Company MN now owns 36,948,435 shares of the company’s stock worth $884,176,000 after buying an additional 2,326,568 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the fourth quarter worth approximately $18,836,000. Financial Enhancement Group LLC increased its stake in First Trust Global Tactical Commodity Strategy Fund by 3,947.8% during the 4th quarter. Financial Enhancement Group LLC now owns 369,604 shares of the company’s stock worth $9,181,000 after acquiring an additional 360,473 shares during the period. Fortress Wealth Management Inc. acquired a new position in First Trust Global Tactical Commodity Strategy Fund in the fourth quarter valued at about $7,191,000. Finally, Strategic Financial Concepts LLC lifted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 2,537.1% during the 4th quarter. Strategic Financial Concepts LLC now owns 233,011 shares of the company’s stock worth $5,576,000 after acquiring an additional 224,175 shares during the period.

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.