Short Interest in First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Declines By 67.3%

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the recipient of a large drop in short interest in 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. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 522,800 shares, the days-to-cover ratio is currently 0.4 days.

First Trust Global Tactical Commodity Strategy Fund Stock Down 0.0 %

Shares of FTGC traded down $0.01 during midday trading on Friday, reaching $25.32. The stock had a trading volume of 576,211 shares, compared to its average volume of 440,311. The firm’s 50 day moving average price is $25.19 and its 200-day moving average price is $24.23. First Trust Global Tactical Commodity Strategy Fund has a 52 week low of $22.22 and a 52 week high of $25.97.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be issued a $0.1417 dividend. The ex-dividend date is Thursday, March 27th. This represents a $0.57 annualized dividend and a dividend yield of 2.24%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the 4th quarter worth about $25,000. AlphaMark Advisors LLC grew its position in First Trust Global Tactical Commodity Strategy Fund by 627.0% in the fourth quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company’s stock worth $32,000 after acquiring an additional 1,160 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the 4th quarter worth $35,000. Brown Brothers Harriman & Co. boosted its holdings in First Trust Global Tactical Commodity Strategy Fund by 301.0% in the third quarter. Brown Brothers Harriman & Co. now owns 1,600 shares of the company’s stock worth $38,000 after purchasing an additional 1,201 shares in the last quarter. Finally, Blue Trust Inc. bought a new position in First Trust Global Tactical Commodity Strategy Fund during the fourth quarter valued at about $45,000.

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.