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

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) 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.

iShares S&P GSCI Commodity-Indexed Trust Trading Down 1.3%

iShares S&P GSCI Commodity-Indexed Trust stock traded down $0.40 during mid-day trading on Tuesday, reaching $31.13. The company had a trading volume of 1,410,630 shares, compared to its average volume of 1,321,597. iShares S&P GSCI Commodity-Indexed Trust has a fifty-two week low of $20.65 and a fifty-two week high of $34.05. The company has a market cap of $983.71 million, a P/E ratio of 4.78 and a beta of 0.04. The business has a fifty day simple moving average of $28.70 and a 200 day simple moving average of $25.22.

Institutional Trading of iShares S&P GSCI Commodity-Indexed Trust

A number of hedge funds have recently added to or reduced their stakes in GSG. Sumitomo Life Insurance Co. acquired a new stake in iShares S&P GSCI Commodity-Indexed Trust in the fourth quarter valued at approximately $40,283,000. Quent Long Short Global Small Cap Fund LP acquired a new stake in iShares S&P GSCI Commodity-Indexed Trust in the fourth quarter valued at approximately $19,222,000. Northwestern Mutual Wealth Management Co. boosted its position in iShares S&P GSCI Commodity-Indexed Trust by 1,678.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 641,500 shares of the company’s stock valued at $14,793,000 after buying an additional 605,422 shares in the last quarter. JPMorgan Chase & Co. boosted its position in iShares S&P GSCI Commodity-Indexed Trust by 548.8% in the fourth quarter. JPMorgan Chase & Co. now owns 597,191 shares of the company’s stock valued at $13,771,000 after buying an additional 505,140 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in iShares S&P GSCI Commodity-Indexed Trust by 71.0% in the third quarter. Bank of America Corp DE now owns 780,032 shares of the company’s stock valued at $17,917,000 after buying an additional 323,907 shares in the last quarter. Institutional investors and hedge funds own 60.67% of the company’s stock.

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.