iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG – Get Free Report) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totaling 510,094 shares, a growth of 51.1% from the March 15th total of 337,592 shares. Based on an average daily trading volume, of 1,525,061 shares, the short-interest ratio is currently 0.3 days. Currently, 1.6% of the shares of the stock are short sold.
Hedge Funds Weigh In On iShares S&P GSCI Commodity-Indexed Trust
Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in shares of iShares S&P GSCI Commodity-Indexed Trust by 224.3% during the third quarter. JPMorgan Chase & Co. now owns 92,051 shares of the company’s stock worth $2,114,000 after purchasing an additional 63,670 shares during the period. Rakuten Investment Management Inc. acquired a new position in shares of iShares S&P GSCI Commodity-Indexed Trust during the third quarter worth $2,718,000. Quent Capital LLC lifted its holdings in shares of iShares S&P GSCI Commodity-Indexed Trust by 9.9% during the third quarter. Quent Capital LLC now owns 743,262 shares of the company’s stock worth $17,073,000 after purchasing an additional 66,815 shares during the period. Strategic Investment Management LLC lifted its holdings in shares of iShares S&P GSCI Commodity-Indexed Trust by 8.5% during the third quarter. Strategic Investment Management LLC now owns 947,572 shares of the company’s stock worth $21,766,000 after purchasing an additional 73,852 shares during the period. Finally, DT Investment Partners LLC lifted its holdings in shares of iShares S&P GSCI Commodity-Indexed Trust by 3.5% during the third quarter. DT Investment Partners LLC now owns 179,001 shares of the company’s stock worth $4,112,000 after purchasing an additional 6,116 shares during the period. Institutional investors and hedge funds own 60.67% of the company’s stock.
iShares S&P GSCI Commodity-Indexed Trust Stock Performance
Shares of NYSEARCA:GSG traded down $0.40 during mid-day trading on Tuesday, reaching $31.13. 1,410,630 shares of the company’s stock were exchanged, compared to its average volume of 1,321,597. The firm has a market capitalization of $983.71 million, a price-to-earnings ratio of 4.78 and a beta of 0.04. The business’s fifty day moving average price is $28.70 and its 200-day moving average price is $25.22. iShares S&P GSCI Commodity-Indexed Trust has a twelve month low of $20.65 and a twelve month high of $34.05.
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.
Recommended Stories
Receive News & Ratings for iShares S&P GSCI Commodity-Indexed Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares S&P GSCI Commodity-Indexed Trust and related companies with MarketBeat.com's FREE daily email newsletter.
