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

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

iShares S&P GSCI Commodity-Indexed Trust Stock Down 0.2%

Shares of GSG traded down $0.05 during mid-day trading on Monday, reaching $23.17. The company’s stock had a trading volume of 902,128 shares, compared to its average volume of 632,066. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 4.78 and a beta of 0.25. The business has a fifty day moving average of $23.12 and a 200 day moving average of $22.82. iShares S&P GSCI Commodity-Indexed Trust has a 1 year low of $19.86 and a 1 year high of $23.77.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sunbelt Securities Inc. lifted its holdings in shares of iShares S&P GSCI Commodity-Indexed Trust by 23.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,868 shares of the company’s stock valued at $66,000 after buying an additional 537 shares during the last quarter. Kestra Private Wealth Services LLC increased its holdings in iShares S&P GSCI Commodity-Indexed Trust by 262.4% in the third quarter. Kestra Private Wealth Services LLC now owns 43,811 shares of the company’s stock worth $1,006,000 after buying an additional 31,721 shares during the last quarter. Bank of America Corp DE raised its position in iShares S&P GSCI Commodity-Indexed Trust by 71.0% during the third quarter. Bank of America Corp DE now owns 780,032 shares of the company’s stock valued at $17,917,000 after acquiring an additional 323,907 shares in the last quarter. AlphaCore Capital LLC lifted its stake in iShares S&P GSCI Commodity-Indexed Trust by 42.0% in the third quarter. AlphaCore Capital LLC now owns 16,110 shares of the company’s stock valued at $370,000 after acquiring an additional 4,762 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in iShares S&P GSCI Commodity-Indexed Trust by 224.3% in the third quarter. JPMorgan Chase & Co. now owns 92,051 shares of the company’s stock valued at $2,114,000 after acquiring an additional 63,670 shares during the last quarter. 60.67% of the stock is owned by hedge funds and other institutional investors.

iShares S&P GSCI Commodity-Indexed Trust Company Profile

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.