First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Down 86.8% in April

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - Get Free Report) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 48,800 shares, a drop of 86.8% from the March 31st total of 369,100 shares. Based on an average daily trading volume, of 589,100 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC raised its stake in First Trust Global Tactical Commodity Strategy Fund by 3.1% during the 1st quarter. Ameritas Advisory Services LLC now owns 99,851 shares of the company's stock valued at $2,502,000 after buying an additional 3,035 shares during the last quarter. Waverton Investment Management Ltd grew its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 15.7% in the first quarter. Waverton Investment Management Ltd now owns 207,915 shares of the company's stock worth $5,304,000 after acquiring an additional 28,160 shares during the period. Jaffetilchin Investment Partners LLC purchased a new stake in First Trust Global Tactical Commodity Strategy Fund during the first quarter valued at $630,000. Global Assets Advisory LLC lifted its holdings in First Trust Global Tactical Commodity Strategy Fund by 328.6% in the first quarter. Global Assets Advisory LLC now owns 120,963 shares of the company's stock valued at $2,928,000 after acquiring an additional 92,742 shares during the period. Finally, Walkner Condon Financial Advisors LLC purchased a new position in First Trust Global Tactical Commodity Strategy Fund in the first quarter worth about $1,874,000.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

NASDAQ:FTGC remained flat at $24.76 during mid-day trading on Friday. The company's stock had a trading volume of 318,055 shares, compared to its average volume of 464,245. The firm's 50-day simple moving average is $24.83 and its two-hundred day simple moving average is $24.35. First Trust Global Tactical Commodity Strategy Fund has a fifty-two week low of $22.22 and a fifty-two week high of $25.97.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a dividend of $0.1417 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.57 annualized dividend and a dividend yield of 2.29%.

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.

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