27-Dec-2024
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WisdomTree Enhanced Commodity Strategy Fund declares annual distribution of $0.2210
Seeking Alpha News (Fri, 27-Dec 3:08 AM ET)
The WisdomTree Enhanced Commodity Strategy Fund is an actively managed exchange-traded fund and intends to provide broad-based exposure to the following four commodity sectors: Energy, Agriculture, Industrial Metals, and Precious Metals primarily through investments in futures contracts. The Fund may also invest up to 5% of its net assets in bitcoin futures contracts. The Fund will not invest in bitcoin directly.
WisdomTree Continuous Commodity trades on the ARCA stock market under the symbol GCC.
As of December 27, 2024, GCC stock price declined to $18.61 with 141,013 million shares trading.
GCC has a beta of 0.36, meaning it tends to be less sensitive to market movements. GCC has a correlation of 0.13 to the broad based SPY ETF.
GCC has a market cap of $126.53 million. This is considered a Micro Cap stock.
In the last 3 years, GCC traded as high as $28.60 and as low as $16.31.
GCC has underperformed the market in the last year with a price return of +11.8% while the SPY ETF gained +26.4%. GCC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.6% and -2.6%, respectively, while the SPY returned +4.5% and -1.2%, respectively.
GCC support price is $18.58 and resistance is $18.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GCC shares will trade within this expected range on the day.