abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI – Get Free Report) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 271,036 shares, a decrease of 77.6% from the May 14th total of 1,208,728 shares. Based on an average daily volume of 1,275,916 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the company’s shares are sold short.
Hedge Funds Weigh In On abrdn Bloomberg All Commodity Strategy K-1 Free ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC bought a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the fourth quarter valued at approximately $27,000. Horizon Investments LLC bought a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the fourth quarter valued at approximately $35,000. Silver Grove Financial Group Inc. bought a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the fourth quarter valued at approximately $53,000. Sunbelt Securities Inc. raised its position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 23.0% during the third quarter. Sunbelt Securities Inc. now owns 3,066 shares of the company’s stock valued at $66,000 after buying an additional 573 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the second quarter valued at approximately $98,000.
abrdn Bloomberg All Commodity Strategy K-1 Free ETF Stock Performance
BCI stock traded down $0.15 during trading on Thursday, hitting $23.49. 1,006,605 shares of the stock traded hands, compared to its average volume of 1,652,819. The firm’s 50 day moving average is $24.60 and its two-hundred day moving average is $22.93. abrdn Bloomberg All Commodity Strategy K-1 Free ETF has a 1 year low of $19.47 and a 1 year high of $25.97.
abrdn Bloomberg All Commodity Strategy K-1 Free ETF Company Profile
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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