First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC – Get Free Report) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 603,287 shares, a decline of 54.4% from the March 15th total of 1,321,685 shares. Based on an average trading volume of 845,934 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.7% of the shares of the company are sold short.
Institutional Trading of First Trust Global Tactical Commodity Strategy Fund
Several hedge funds have recently added to or reduced their stakes in FTGC. CENTRAL TRUST Co acquired a new stake in First Trust Global Tactical Commodity Strategy Fund during the 3rd quarter worth approximately $26,000. Versant Capital Management Inc acquired a new stake in First Trust Global Tactical Commodity Strategy Fund during the 3rd quarter worth approximately $35,000. Elevated Capital Advisors LLC acquired a new stake in First Trust Global Tactical Commodity Strategy Fund during the 4th quarter worth approximately $41,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in First Trust Global Tactical Commodity Strategy Fund by 1,207.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,817 shares of the company’s stock worth $42,000 after purchasing an additional 1,678 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in First Trust Global Tactical Commodity Strategy Fund during the 3rd quarter worth approximately $48,000.
First Trust Global Tactical Commodity Strategy Fund Stock Performance
Shares of NASDAQ FTGC traded up $0.28 during midday trading on Monday, hitting $28.52. 805,866 shares of the company’s stock were exchanged, compared to its average volume of 726,702. The company’s 50 day moving average price is $26.83 and its 200 day moving average price is $26.02. First Trust Global Tactical Commodity Strategy Fund has a 12 month low of $22.70 and a 12 month high of $29.02.
First Trust Global Tactical Commodity Strategy Fund Cuts Dividend
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. FTGC was launched on Oct 23, 2013 and is managed by First Trust.
Further Reading
Receive News & Ratings for First Trust Global Tactical Commodity Strategy Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Global Tactical Commodity Strategy Fund and related companies with MarketBeat.com's FREE daily email newsletter.
