abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI – Get Free Report) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 517,562 shares, a growth of 463.8% from the June 15th total of 91,804 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 1,746,083 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Investors Weigh In On abrdn Bloomberg All Commodity Strategy K-1 Free ETF
Several hedge funds and other institutional investors have recently modified their holdings of BCI. Sunbelt Securities Inc. raised its stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 16.4% in the first quarter. Sunbelt Securities Inc. now owns 3,551 shares of the company’s stock worth $86,000 after buying an additional 501 shares during the period. CoreCap Advisors LLC grew its stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 29.8% during the 2nd quarter. CoreCap Advisors LLC now owns 2,798 shares of the company’s stock valued at $63,000 after acquiring an additional 643 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 4th quarter worth approximately $27,000. Horizon Investments LLC purchased a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 4th quarter worth approximately $35,000. Finally, NewEdge Advisors LLC increased its holdings in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 3.7% in the 3rd quarter. NewEdge Advisors LLC now owns 52,435 shares of the company’s stock worth $1,129,000 after acquiring an additional 1,857 shares in the last quarter.
abrdn Bloomberg All Commodity Strategy K-1 Free ETF Stock Performance
BCI remained flat at $22.99 during trading on Friday. 1,619,231 shares of the company’s stock traded hands, compared to its average volume of 1,618,685. abrdn Bloomberg All Commodity Strategy K-1 Free ETF has a fifty-two week low of $19.47 and a fifty-two week high of $25.97. The stock has a 50 day moving average price of $23.94 and a 200 day moving average price of $22.94.
About abrdn Bloomberg All Commodity Strategy K-1 Free ETF
The abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) is an exchange-traded fund that is based on the Bloomberg Commodity Total Return index. The fund seeks to outperform a broad-market commodity index through the active management of the fund`s collateral. The index includes 26 commodity futures with maturities of 1-3 months. BCI was launched on Mar 30, 2017 and is managed by Abrdn.
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