First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - Get Free Report) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 209,200 shares, a decrease of 67.3% from the February 28th total of 640,500 shares. Based on an average daily trading volume, of 522,800 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are short sold.
Hedge Funds Weigh In On First Trust Global Tactical Commodity Strategy Fund
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FTGC. SBI Securities Co. Ltd. purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the 4th quarter valued at approximately $25,000. AlphaMark Advisors LLC raised its holdings in First Trust Global Tactical Commodity Strategy Fund by 627.0% during the 4th quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company's stock valued at $32,000 after acquiring an additional 1,160 shares during the period. Geneos Wealth Management Inc. purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the fourth quarter worth $35,000. Brown Brothers Harriman & Co. lifted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 301.0% during the third quarter. Brown Brothers Harriman & Co. now owns 1,600 shares of the company's stock worth $38,000 after acquiring an additional 1,201 shares in the last quarter. Finally, Blue Trust Inc. bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the fourth quarter worth $45,000.
First Trust Global Tactical Commodity Strategy Fund Stock Performance
NASDAQ:FTGC traded up $0.19 during trading hours on Monday, reaching $25.51. The stock had a trading volume of 202,482 shares, compared to its average volume of 439,428. First Trust Global Tactical Commodity Strategy Fund has a 12-month low of $22.22 and a 12-month high of $25.97. The stock has a 50 day simple moving average of $25.19 and a 200 day simple moving average of $24.26.
First Trust Global Tactical Commodity Strategy Fund Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be paid a $0.1417 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Thursday, March 27th.
About First Trust Global Tactical Commodity Strategy Fund
(
Get Free Report)
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.
Featured Stories
Before you consider First Trust Global Tactical Commodity Strategy Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First Trust Global Tactical Commodity Strategy Fund wasn't on the list.
While First Trust Global Tactical Commodity Strategy Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
