abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Shares Gap Down – What’s Next?

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $22.89, but opened at $19.97. abrdn Bloomberg All Commodity Strategy K-1 Free ETF shares last traded at $19.8780, with a volume of 270,818 shares traded.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Stock Down 13.1%

The company has a fifty day simple moving average of $22.49 and a 200-day simple moving average of $21.62.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th will be given a $3.2198 dividend. This represents a yield of 1,618.0%. The ex-dividend date is Tuesday, December 30th.

Hedge Funds Weigh In On abrdn Bloomberg All Commodity Strategy K-1 Free ETF

Several large investors have recently modified their holdings of BCI. Farther Finance Advisors LLC grew its holdings in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 98.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,742 shares of the company’s stock worth $36,000 after purchasing an additional 862 shares during the period. Sunbelt Securities Inc. lifted its position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 23.0% in 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. Thurston Springer Miller Herd & Titak Inc. boosted its stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 20.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,432 shares of the company’s stock worth $92,000 after buying an additional 738 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the second quarter valued at about $98,000. Finally, MTM Investment Management LLC purchased a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 2nd quarter valued at approximately $103,000.

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.