abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Stock Short Interest Rises 92.6%

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 298,578 shares, a growth of 92.6% from the September 15th total of 155,037 shares. Based on an average trading volume of 1,609,200 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Stock Down 0.7%

Shares of BCI traded down $0.19 during trading hours on Wednesday, reaching $26.35. 906,500 shares of the company traded hands, compared to its average volume of 1,657,131. 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 $26.84. The stock has a fifty day simple moving average of $25.70 and a 200 day simple moving average of $24.61.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 16.4% during the 1st quarter. Sunbelt Securities Inc. now owns 3,551 shares of the company’s stock valued at $86,000 after buying an additional 501 shares during the period. CoreCap Advisors LLC increased its holdings in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 19.3% during the 3rd quarter. CoreCap Advisors LLC now owns 3,338 shares of the company’s stock worth $86,000 after buying an additional 540 shares during the last quarter. Byrne Asset Management LLC acquired a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 3rd quarter worth $58,000. Silver Grove Financial Group Inc. acquired a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 4th quarter worth $53,000. Finally, First Community Trust NA purchased a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 3rd quarter worth $78,000.

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.