First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC – Get 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
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. FTGC was launched on Oct 23, 2013 and is managed by First Trust.
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