Short Interest in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD) Drops By 72.1%

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 16,982 shares, a drop of 72.1% from the August 15th total of 60,925 shares. Based on an average daily trading volume, of 48,414 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are sold short.

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

A number of institutional investors have recently modified their holdings of the company. Aureus Asset Management LLC acquired a new position in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF in the 1st quarter valued at about $213,000. Flow Traders U.S. LLC purchased a new position in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF in the second quarter valued at approximately $282,000. Cohen & Steers Inc. grew its holdings in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 7.1% in the fourth quarter. Cohen & Steers Inc. now owns 19,375 shares of the company’s stock valued at $600,000 after purchasing an additional 1,290 shares in the last quarter. Madison Asset Management LLC grew its holdings in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 89.9% in the fourth quarter. Madison Asset Management LLC now owns 21,646 shares of the company’s stock valued at $670,000 after purchasing an additional 10,246 shares in the last quarter. Finally, Mengis Capital Management Inc. increased its stake in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 3.8% during the 4th quarter. Mengis Capital Management Inc. now owns 63,842 shares of the company’s stock worth $1,977,000 after buying an additional 2,344 shares during the period.

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF Price Performance

Shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF stock traded down $0.35 on Friday, reaching $39.20. The company had a trading volume of 23,725 shares, compared to its average volume of 64,854. The firm’s 50 day moving average price is $37.02 and its two-hundred day moving average price is $36.38. abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF has a 52-week low of $30.87 and a 52-week high of $39.55.

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF Company Profile

The abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) is an exchange-traded fund that mostly invests in broad market commodities. The abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (the Fund) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Commodity Index 3 Month Forward Total Return (the Index). BCD was launched on Mar 30, 2017 and is managed by Abrdn.