First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Up 1,012.7% in May

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGCGet Free Report) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 2,257,854 shares, a growth of 1,012.7% from the April 30th total of 202,908 shares. Based on an average trading volume of 948,627 shares, the days-to-cover ratio is currently 2.4 days. Currently, 2.5% of the shares of the stock are short sold.

First Trust Global Tactical Commodity Strategy Fund Price Performance

NASDAQ FTGC traded up $0.23 on Thursday, reaching $29.11. The company’s stock had a trading volume of 195,857 shares, compared to its average volume of 766,613. First Trust Global Tactical Commodity Strategy Fund has a twelve month low of $22.70 and a twelve month high of $30.65. The firm’s 50 day moving average is $29.03 and its two-hundred day moving average is $26.71.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.4093 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Thursday, March 26th.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada lifted its stake in First Trust Global Tactical Commodity Strategy Fund by 10.4% during the first quarter. Royal Bank of Canada now owns 1,567,531 shares of the company’s stock valued at $45,003,000 after buying an additional 148,098 shares in the last quarter. UBS Group AG lifted its stake in First Trust Global Tactical Commodity Strategy Fund by 1.8% during the fourth quarter. UBS Group AG now owns 1,373,318 shares of the company’s stock valued at $31,902,000 after buying an additional 23,761 shares in the last quarter. Carrera Capital Advisors lifted its stake in First Trust Global Tactical Commodity Strategy Fund by 16.1% during the fourth quarter. Carrera Capital Advisors now owns 1,071,159 shares of the company’s stock valued at $24,883,000 after buying an additional 148,930 shares in the last quarter. Flaharty Asset Management LLC lifted its stake in First Trust Global Tactical Commodity Strategy Fund by 5.2% during the third quarter. Flaharty Asset Management LLC now owns 978,681 shares of the company’s stock valued at $25,349,000 after buying an additional 48,812 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC lifted its stake in First Trust Global Tactical Commodity Strategy Fund by 4.5% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 944,969 shares of the company’s stock valued at $21,952,000 after buying an additional 41,105 shares in the last quarter.

First Trust Global Tactical Commodity Strategy Fund Company Profile

(Get Free Report)

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.

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