Short Interest in WisdomTree Continuous Commodity Index Fund (NYSEARCA:GCC) Drops By 63.3%

WisdomTree Continuous Commodity Index Fund (NYSEARCA:GCC) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 24,822 shares, a decline of 63.3% from the May 14th total of 67,702 shares. Based on an average daily volume of 40,826 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the shares of the company are sold short.

WisdomTree Continuous Commodity Index Fund Stock Performance

Shares of NYSEARCA GCC traded down $0.17 during midday trading on Friday, hitting $23.78. The company’s stock had a trading volume of 23,645 shares, compared to its average volume of 76,325. The stock has a fifty day moving average price of $24.91 and a 200 day moving average price of $23.26. WisdomTree Continuous Commodity Index Fund has a one year low of $19.80 and a one year high of $26.50.

Institutional Trading of WisdomTree Continuous Commodity Index Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Private Wealth Services LLC increased its holdings in WisdomTree Continuous Commodity Index Fund by 16.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 42,476 shares of the company’s stock worth $1,017,000 after acquiring an additional 5,845 shares during the period. Global Wealth Management Investment Advisory Inc. bought a new stake in WisdomTree Continuous Commodity Index Fund during the 4th quarter worth approximately $854,000. Covenant Asset Management LLC increased its holdings in WisdomTree Continuous Commodity Index Fund by 47.5% during the 4th quarter. Covenant Asset Management LLC now owns 18,253 shares of the company’s stock worth $386,000 after acquiring an additional 5,878 shares during the period. Comerica Bank increased its holdings in WisdomTree Continuous Commodity Index Fund by 32.2% during the 4th quarter. Comerica Bank now owns 3,165 shares of the company’s stock worth $67,000 after acquiring an additional 770 shares during the period. Finally, Warren Street Wealth Advisors LLC increased its holdings in WisdomTree Continuous Commodity Index Fund by 2.5% during the 4th quarter. Warren Street Wealth Advisors LLC now owns 633,999 shares of the company’s stock worth $13,409,000 after acquiring an additional 15,683 shares during the period.

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.