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

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 220,067 shares, an increase of 111.4% from the August 15th total of 104,080 shares. Based on an average daily trading volume, of 1,078,142 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of abrdn Bloomberg All Commodity Strategy K-1 Free ETF

Several institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC bought a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 4th quarter valued at about $27,000. Silver Grove Financial Group Inc. bought a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the fourth quarter worth about $53,000. CoreCap Advisors LLC lifted its stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 29.8% in the second quarter. CoreCap Advisors LLC now owns 2,798 shares of the company’s stock worth $63,000 after acquiring an additional 643 shares during the period. Sunbelt Securities Inc. lifted its stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 16.4% in the first quarter. Sunbelt Securities Inc. now owns 3,551 shares of the company’s stock worth $86,000 after acquiring an additional 501 shares during the period. Finally, Bayban bought a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the fourth quarter valued at approximately $104,000.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Trading Up 1.5%

BCI traded up $0.39 during trading on Tuesday, reaching $26.82. 666,310 shares of the company’s stock were exchanged, compared to its average volume of 1,675,522. abrdn Bloomberg All Commodity Strategy K-1 Free ETF has a one year low of $19.47 and a one year high of $26.83. The firm has a fifty day moving average price of $24.65 and a two-hundred day moving average price of $24.15.

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.