First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Short Interest Up 281.5% in March

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 1,321,685 shares, an increase of 281.5% from the February 26th total of 346,466 shares. Based on an average daily trading volume, of 875,790 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. HighTower Advisors LLC grew its position in shares of First Trust Global Tactical Commodity Strategy Fund by 0.4% during the 3rd quarter. HighTower Advisors LLC now owns 99,294 shares of the company’s stock valued at $2,572,000 after acquiring an additional 382 shares during the period. Northwest Wealth Management LLC increased its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 6.1% in the 4th quarter. Northwest Wealth Management LLC now owns 9,272 shares of the company’s stock valued at $215,000 after purchasing an additional 533 shares in the last quarter. Raab & Moskowitz Asset Management LLC raised its holdings in First Trust Global Tactical Commodity Strategy Fund by 1.0% in the 2nd quarter. Raab & Moskowitz Asset Management LLC now owns 58,756 shares of the company’s stock worth $1,450,000 after purchasing an additional 602 shares during the period. Kovack Advisors Inc. raised its holdings in First Trust Global Tactical Commodity Strategy Fund by 3.1% in the 4th quarter. Kovack Advisors Inc. now owns 20,043 shares of the company’s stock worth $466,000 after purchasing an additional 612 shares during the period. Finally, Genesis Private Wealth LLC boosted its position in First Trust Global Tactical Commodity Strategy Fund by 7.0% during the third quarter. Genesis Private Wealth LLC now owns 9,480 shares of the company’s stock worth $246,000 after purchasing an additional 624 shares in the last quarter.

First Trust Global Tactical Commodity Strategy Fund Price Performance

FTGC opened at $27.93 on Friday. First Trust Global Tactical Commodity Strategy Fund has a 12-month low of $22.70 and a 12-month high of $29.00. The firm has a 50 day moving average of $26.04 and a two-hundred day moving average of $25.81.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 26th will be issued a dividend of $0.4093 per share. This represents a $1.64 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is 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.