iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Sees Unusually-High Trading Volume – Here’s What Happened

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) shares saw strong trading volume on Thursday . 1,559,580 shares changed hands during trading, an increase of 20% from the previous session’s volume of 1,304,455 shares.The stock last traded at $31.93 and had previously closed at $32.84.

iShares S&P GSCI Commodity-Indexed Trust Stock Performance

The business has a 50-day simple moving average of $30.92 and a two-hundred day simple moving average of $26.23. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 4.78 and a beta of 0.05.

Hedge Funds Weigh In On iShares S&P GSCI Commodity-Indexed Trust

A number of large investors have recently modified their holdings of the business. Sumitomo Life Insurance Co. bought a new position in shares of iShares S&P GSCI Commodity-Indexed Trust in the 4th quarter valued at about $40,283,000. Quent Long Short Global Small Cap Fund LP acquired a new position in iShares S&P GSCI Commodity-Indexed Trust during the fourth quarter valued at approximately $19,222,000. Northwestern Mutual Wealth Management Co. grew its stake 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 purchasing an additional 605,422 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of iShares S&P GSCI Commodity-Indexed Trust by 548.8% during the 4th quarter. JPMorgan Chase & Co. now owns 597,191 shares of the company’s stock worth $13,771,000 after purchasing an additional 505,140 shares during the last quarter. Finally, Lifeworks Advisors LLC bought a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust during the 1st quarter worth approximately $10,900,000. 60.67% of the stock is currently owned by institutional investors and hedge funds.

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.