Short Interest in abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Drops By 33.9%

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 602,020 shares, a drop of 33.9% from the March 31st total of 911,240 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 2,093,463 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On abrdn Bloomberg All Commodity Strategy K-1 Free ETF

Institutional investors have recently modified their holdings of the business. iA Global Asset Management Inc. bought a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the fourth quarter worth approximately $19,581,000. Financial & Tax Architects LLC bought a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the third quarter valued at approximately $20,663,000. Janney Montgomery Scott LLC acquired a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the first quarter worth $2,993,000. Disciplina Capital Management LLC raised its holdings in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 24.9% in the fourth quarter. Disciplina Capital Management LLC now owns 488,815 shares of the company’s stock worth $9,547,000 after purchasing an additional 97,496 shares during the period. Finally, Compass Financial Group Inc. bought a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the third quarter worth $1,891,000.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Trading Up 0.8%

Shares of BCI stock traded up $0.19 on Tuesday, reaching $24.84. 979,385 shares of the stock were exchanged, compared to its average volume of 1,810,293. abrdn Bloomberg All Commodity Strategy K-1 Free ETF has a one year low of $19.47 and a one year high of $24.91. The stock has a 50 day moving average price of $23.39 and a 200 day moving average price of $22.33.

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.