Home Commodities First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sees Large Decrease in...

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sees Large Decrease in Short Interest

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First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGCGet Rating) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 158,300 shares, a drop of 26.0% from the May 31st total of 214,000 shares. Based on an average daily trading volume, of 1,552,600 shares, the short-interest ratio is currently 0.1 days.

NASDAQ FTGC opened at $26.63 on Friday. First Trust Global Tactical Commodity Strategy Fund has a 52 week low of $22.65 and a 52 week high of $31.47. The stock has a fifty day moving average of $28.92 and a 200-day moving average of $27.28.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Monday, June 27th were paid a dividend of $0.007 per share. The ex-dividend date of this dividend was Friday, June 24th. This represents a $0.03 dividend on an annualized basis and a yield of 0.11%.

Hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 16.5% in the 4th quarter. Wells Fargo & Company MN now owns 9,695,672 shares of the company’s stock worth $223,583,000 after buying an additional 1,373,262 shares during the last quarter. UBS Group AG lifted its stake in First Trust Global Tactical Commodity Strategy Fund by 50.9% in the first quarter. UBS Group AG now owns 6,564,458 shares of the company’s stock valued at $186,627,000 after purchasing an additional 2,213,667 shares during the last quarter. First Trust Advisors LP purchased a new position in First Trust Global Tactical Commodity Strategy Fund in the first quarter valued at approximately $135,960,000. Royal Bank of Canada lifted its stake in First Trust Global Tactical Commodity Strategy Fund by 65.4% in the first quarter. Royal Bank of Canada now owns 4,695,886 shares of the company’s stock valued at $133,504,000 after purchasing an additional 1,856,281 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in First Trust Global Tactical Commodity Strategy Fund by 10.5% in the fourth quarter. LPL Financial LLC now owns 4,486,327 shares of the company’s stock valued at $103,455,000 after purchasing an additional 425,238 shares during the last quarter.

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