iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Sees Large Drop in Short Interest

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 1,618,187 shares, a decrease of 31.4% from the November 30th total of 2,358,406 shares. Based on an average daily volume of 728,079 shares, the short-interest ratio is currently 2.2 days. Currently, 3.5% of the shares of the stock are sold short. Currently, 3.5% of the shares of the stock are sold short. Based on an average daily volume of 728,079 shares, the short-interest ratio is currently 2.2 days.

iShares S&P GSCI Commodity-Indexed Trust Stock Up 0.6%

iShares S&P GSCI Commodity-Indexed Trust stock traded up $0.13 during mid-day trading on Tuesday, hitting $23.30. The company’s stock had a trading volume of 905,085 shares, compared to its average volume of 633,162. The stock has a market capitalization of $1.09 billion, a P/E ratio of 4.78 and a beta of 0.25. iShares S&P GSCI Commodity-Indexed Trust has a twelve month low of $19.86 and a twelve month high of $23.77. The stock’s fifty day moving average price is $23.13 and its two-hundred day moving average price is $22.82.

Institutional Investors Weigh In On iShares S&P GSCI Commodity-Indexed Trust

Several hedge funds have recently modified their holdings of the stock. First National Trust Co increased its stake in iShares S&P GSCI Commodity-Indexed Trust by 3.2% in the 2nd quarter. First National Trust Co now owns 15,476 shares of the company’s stock worth $341,000 after purchasing an additional 476 shares in the last quarter. PFG Investments LLC lifted its stake in iShares S&P GSCI Commodity-Indexed Trust by 0.9% during the second quarter. PFG Investments LLC now owns 53,112 shares of the company’s stock valued at $1,171,000 after buying an additional 489 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of iShares S&P GSCI Commodity-Indexed Trust by 23.0% in the third quarter. Sunbelt Securities Inc. now owns 2,868 shares of the company’s stock worth $66,000 after buying an additional 537 shares during the period. Corient Private Wealth LLC increased its position in shares of iShares S&P GSCI Commodity-Indexed Trust by 7.4% in the second quarter. Corient Private Wealth LLC now owns 14,634 shares of the company’s stock worth $323,000 after acquiring an additional 1,013 shares in the last quarter. Finally, Strengthening Families & Communities LLC purchased a new position in shares of iShares S&P GSCI Commodity-Indexed Trust in the second quarter worth approximately $26,000. 60.67% of the stock is owned by hedge funds and other institutional investors.

About iShares S&P GSCI Commodity-Indexed Trust

iShares S&P GSCI Commodity-Indexed Trust (The Trust) is an investment trust that issues units of beneficial interest (shares) representing fractional undivided beneficial interests in its net assets. The Trust’s objective is to track the results of a fully collateralized investment in futures contracts on an index composed of a diversified group of commodities futures and to track the investment returns of the index before payment of the Trust’s expenses and liabilities. The Trust is a commodity pool.