First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Up 76.4% in March

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - Get Free Report) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 369,100 shares, an increase of 76.4% from the March 15th total of 209,200 shares. Based on an average daily volume of 571,300 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the company's shares are sold short.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 6.7% during the fourth quarter. Wells Fargo & Company MN now owns 36,948,435 shares of the company's stock valued at $884,176,000 after buying an additional 2,326,568 shares in the last quarter. Total Investment Management Inc. grew its stake in First Trust Global Tactical Commodity Strategy Fund by 3.5% during the 4th quarter. Total Investment Management Inc. now owns 1,963,530 shares of the company's stock valued at $46,987,000 after acquiring an additional 66,282 shares in the last quarter. Cyndeo Wealth Partners LLC increased its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 4.0% in the 1st quarter. Cyndeo Wealth Partners LLC now owns 884,476 shares of the company's stock valued at $22,572,000 after purchasing an additional 33,623 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the fourth quarter worth approximately $18,836,000. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 3.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 757,528 shares of the company's stock worth $18,128,000 after purchasing an additional 25,009 shares during the period.

First Trust Global Tactical Commodity Strategy Fund Price Performance

NASDAQ FTGC traded down $0.09 on Monday, hitting $24.38. 373,281 shares of the company were exchanged, compared to its average volume of 464,688. First Trust Global Tactical Commodity Strategy Fund has a twelve month low of $22.22 and a twelve month high of $25.97. The company's 50 day moving average price is $24.91 and its 200-day moving average price is $24.34.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a $0.1417 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.57 annualized dividend and a dividend yield of 2.32%.

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.