abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD – Get Free Report) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 16,982 shares, a decrease of 72.1% from the August 15th total of 60,925 shares. Based on an average daily trading volume, of 48,414 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are short sold.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BCD. Aureus Asset Management LLC purchased a new position in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF during the 1st quarter valued at about $213,000. Flow Traders U.S. LLC purchased a new stake in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF in the second quarter worth about $282,000. Cohen & Steers Inc. grew its holdings in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 7.1% during the fourth quarter. Cohen & Steers Inc. now owns 19,375 shares of the company’s stock worth $600,000 after acquiring an additional 1,290 shares during the period. Madison Asset Management LLC raised its position in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 89.9% during the fourth quarter. Madison Asset Management LLC now owns 21,646 shares of the company’s stock valued at $670,000 after acquiring an additional 10,246 shares in the last quarter. Finally, Mengis Capital Management Inc. raised its position in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 3.8% during the fourth quarter. Mengis Capital Management Inc. now owns 63,842 shares of the company’s stock valued at $1,977,000 after acquiring an additional 2,344 shares in the last quarter.
abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF Stock Performance
NYSEARCA BCD traded down $0.14 on Monday, hitting $39.05. 32,927 shares of the company’s stock traded hands, compared to its average volume of 64,664. abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF has a 1-year low of $30.87 and a 1-year high of $39.55. The firm’s 50-day moving average price is $37.02 and its two-hundred day moving average price is $36.38.
abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF Company Profile
The abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) is an exchange-traded fund that mostly invests in broad market commodities. The abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (the Fund) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Commodity Index 3 Month Forward Total Return (the Index). BCD was launched on Mar 30, 2017 and is managed by Abrdn.
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