iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Shares Gap Up – What’s Next?

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) gapped up prior to trading on Monday . The stock had previously closed at $30.96, but opened at $32.19. iShares S&P GSCI Commodity-Indexed Trust shares last traded at $31.9580, with a volume of 1,106,127 shares changing hands.

iShares S&P GSCI Commodity-Indexed Trust Trading Down 1.0%

The firm has a market capitalization of $985.92 million, a PE ratio of 4.78 and a beta of 0.04. The stock’s 50 day moving average price is $28.83 and its two-hundred day moving average price is $25.27.

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

Several hedge funds have recently bought and sold shares of GSG. Headlands Technologies LLC acquired a new position in shares of iShares S&P GSCI Commodity-Indexed Trust in the second quarter worth $35,000. Bfsg LLC purchased a new stake in iShares S&P GSCI Commodity-Indexed Trust during the 4th quarter worth about $42,000. Sunbelt Securities Inc. increased its position in 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 worth $66,000 after purchasing an additional 537 shares in the last quarter. Sound Income Strategies LLC raised its stake in iShares S&P GSCI Commodity-Indexed Trust by 85.4% in the 3rd quarter. Sound Income Strategies LLC now owns 3,433 shares of the company’s stock valued at $79,000 after purchasing an additional 1,581 shares during the last quarter. Finally, Reflection Asset Management acquired a new position in iShares S&P GSCI Commodity-Indexed Trust in the 4th quarter valued at about $92,000. 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.