WisdomTree Continuous Commodity Index Fund (NYSEARCA:GCC) Sees Large Decline in Short Interest
by Kim Johansen · The Markets DailyWisdomTree Continuous Commodity Index Fund (NYSEARCA:GCC – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 5,420 shares, a drop of 84.3% from the June 15th total of 34,514 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 46,033 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gateway Wealth Partners LLC purchased a new position in WisdomTree Continuous Commodity Index Fund during the first quarter valued at $1,136,000. Cetera Investment Advisers increased its holdings in shares of WisdomTree Continuous Commodity Index Fund by 39.3% during the first quarter. Cetera Investment Advisers now owns 54,761 shares of the company’s stock valued at $1,311,000 after acquiring an additional 15,455 shares in the last quarter. Sigma Planning Corp raised its position in shares of WisdomTree Continuous Commodity Index Fund by 6.2% in the 1st quarter. Sigma Planning Corp now owns 30,140 shares of the company’s stock worth $722,000 after purchasing an additional 1,761 shares during the last quarter. Fifth Third Bancorp purchased a new position in shares of WisdomTree Continuous Commodity Index Fund in the 1st quarter worth about $134,000. Finally, Roman Butler Fullerton & Co. boosted its stake in WisdomTree Continuous Commodity Index Fund by 6.6% in the 1st quarter. Roman Butler Fullerton & Co. now owns 31,895 shares of the company’s stock worth $765,000 after purchasing an additional 1,972 shares in the last quarter.
WisdomTree Continuous Commodity Index Fund Stock Performance
Shares of GCC stock traded up $0.14 during mid-day trading on Monday, reaching $23.76. 40,947 shares of the company’s stock traded hands, compared to its average volume of 71,636. The company’s 50-day moving average price is $24.34 and its 200-day moving average price is $23.59. WisdomTree Continuous Commodity Index Fund has a 12 month low of $19.95 and a 12 month high of $26.50.
WisdomTree Continuous Commodity Index Fund Company Profile
The WisdomTree Enhanced Commodity Strategy Fund (GCC) is an exchange-traded fund that mostly invests in broad market commodities. The fund is a long-only commodity strategy providing actively-managed exposure to four broad commodity sectors: Energy, Agriculture, Industrial Metals, and Precious Metals via related futures contracts. GCC was launched on Jan 24, 2008 and is managed by WisdomTree.