Short Interest in iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Drops By 75.3%

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 369,129 shares, a drop of 75.3% from the December 31st total of 1,493,479 shares. Based on an average trading volume of 509,907 shares, the short-interest ratio is currently 0.7 days. Approximately 0.8% of the company’s shares are sold short. Approximately 0.8% of the company’s shares are sold short. Based on an average trading volume of 509,907 shares, the short-interest ratio is currently 0.7 days.

iShares S&P GSCI Commodity-Indexed Trust Price Performance

NYSEARCA:GSG traded down $0.49 during trading hours on Friday, reaching $25.48. 6,969,924 shares of the company were exchanged, compared to its average volume of 745,241. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 4.78 and a beta of 0.25. The stock has a 50 day simple moving average of $23.56 and a 200 day simple moving average of $23.06. iShares S&P GSCI Commodity-Indexed Trust has a 52-week low of $19.86 and a 52-week high of $26.33.

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

A number of institutional investors have recently added to or reduced their stakes in GSG. Amundi lifted its stake in shares of iShares S&P GSCI Commodity-Indexed Trust by 41.5% in the 1st quarter. Amundi now owns 7,500 shares of the company’s stock valued at $165,000 after purchasing an additional 2,200 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in iShares S&P GSCI Commodity-Indexed Trust by 41.6% during the first quarter. Goldman Sachs Group Inc. now owns 270,598 shares of the company’s stock valued at $6,162,000 after buying an additional 79,531 shares in the last quarter. Jane Street Group LLC purchased a new stake in iShares S&P GSCI Commodity-Indexed Trust during the first quarter worth approximately $5,902,000. Sound Income Strategies LLC acquired a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust in the second quarter worth $41,000. Finally, Fifth Third Securities Inc. raised its stake in shares of iShares S&P GSCI Commodity-Indexed Trust by 19.6% in the 2nd quarter. Fifth Third Securities Inc. now owns 10,783 shares of the company’s stock valued at $238,000 after acquiring an additional 1,764 shares during the period. Hedge funds and other institutional investors own 60.67% of the company’s stock.

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.