First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Down 99.4% in May

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 14,265 shares, a decline of 99.4% from the May 14th total of 2,257,854 shares. Based on an average daily volume of 852,862 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in First Trust Global Tactical Commodity Strategy Fund by 10.4% in the 1st quarter. Royal Bank of Canada now owns 1,567,531 shares of the company’s stock valued at $45,003,000 after acquiring an additional 148,098 shares during the last quarter. UBS Group AG lifted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 1.8% during the 4th quarter. UBS Group AG now owns 1,373,318 shares of the company’s stock worth $31,902,000 after purchasing an additional 23,761 shares during the period. Carrera Capital Advisors lifted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 16.1% during the 4th quarter. Carrera Capital Advisors now owns 1,071,159 shares of the company’s stock worth $24,883,000 after purchasing an additional 148,930 shares during the period. Cyndeo Wealth Partners LLC lifted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 4.5% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 944,969 shares of the company’s stock worth $21,952,000 after purchasing an additional 41,105 shares during the period. Finally, Csenge Advisory Group lifted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 9.6% during the 4th quarter. Csenge Advisory Group now owns 869,681 shares of the company’s stock worth $20,203,000 after purchasing an additional 76,281 shares during the period.

First Trust Global Tactical Commodity Strategy Fund Trading Down 1.0%

Shares of First Trust Global Tactical Commodity Strategy Fund stock traded down $0.28 during trading on Tuesday, hitting $27.99. 768,823 shares of the company were exchanged, compared to its average volume of 758,603. 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. The firm has a 50 day moving average price of $29.11 and a 200 day moving average price of $26.83.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.4093 per share. This represents a $1.64 annualized dividend and a dividend yield of 5.8%. The ex-dividend date was Thursday, March 26th.

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. FTGC was launched on Oct 23, 2013 and is managed by First Trust.