abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Sees Significant Drop in Short Interest

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 114,951 shares, a decline of 93.0% from the July 15th total of 1,641,274 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 2,976,839 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of 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 stock. iA Global Asset Management Inc. bought a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 4th quarter worth about $19,581,000. S. R. Schill & Associates acquired a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 1st quarter valued at $6,255,000. Janney Montgomery Scott LLC acquired a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the first quarter worth about $2,993,000. Disciplina Capital Management LLC raised its holdings in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 24.9% in the 4th 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 in the last quarter. Finally, Financial & Tax Architects LLC increased its holdings in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 6.2% in the first quarter. Financial & Tax Architects LLC now owns 942,286 shares of the company’s stock valued at $22,888,000 after buying an additional 55,071 shares in the last quarter.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Stock Down 1.2%

Shares of NYSEARCA:BCI traded down $0.30 on Thursday, reaching $24.37. 546,802 shares of the company’s stock were exchanged, compared to its average volume of 1,726,681. 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 business’s 50-day moving average is $23.42 and its two-hundred day moving average is $23.47.

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.