Short Interest in First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Decreases By 91.4%

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 525,310 shares, a decrease of 91.4% from the June 15th total of 6,136,712 shares. Based on an average daily trading volume, of 741,593 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Elevated Capital Advisors LLC purchased a new stake in First Trust Global Tactical Commodity Strategy Fund during the 4th quarter worth about $41,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 1,207.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,817 shares of the company’s stock valued at $42,000 after buying an additional 1,678 shares during the period. Newbridge Financial Services Group Inc. boosted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 99.9% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 2,233 shares of the company’s stock valued at $52,000 after buying an additional 1,116 shares during the period. Private Trust Co. NA boosted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 59.2% in the 4th quarter. Private Trust Co. NA now owns 2,370 shares of the company’s stock valued at $55,000 after buying an additional 881 shares during the period. Finally, Advisors Preferred LLC acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the first quarter worth about $73,000.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

Shares of NASDAQ:FTGC traded down $0.03 during trading on Friday, hitting $28.02. The company’s stock had a trading volume of 839,117 shares, compared to its average volume of 807,017. The business has a 50 day moving average price of $28.53 and a two-hundred day moving average price of $27.04. First Trust Global Tactical Commodity Strategy Fund has a fifty-two week low of $22.70 and a fifty-two week high of $30.65.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.1691 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, June 25th.

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.