abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Sees Large Decrease 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 December. As of December 31st, there was short interest totaling 55,774 shares, a decline of 73.2% from the December 15th total of 208,494 shares. Based on an average daily volume of 1,419,637 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 1,419,637 shares, the short-interest ratio is currently 0.0 days.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Stock Up 1.0%

NYSEARCA BCI opened at $20.48 on Tuesday. The firm’s fifty day simple moving average is $22.06 and its 200-day simple moving average is $21.52. abrdn Bloomberg All Commodity Strategy K-1 Free ETF has a 1-year low of $19.45 and a 1-year high of $23.37.

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

The firm also recently announced an annual dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were given a dividend of $3.2198 per share. This represents a yield of 1,623.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 98.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,742 shares of the company’s stock valued at $36,000 after acquiring an additional 862 shares in the last quarter. Sunbelt Securities Inc. boosted its position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 23.0% during the third quarter. Sunbelt Securities Inc. now owns 3,066 shares of the company’s stock worth $66,000 after purchasing an additional 573 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings 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 valued at $92,000 after purchasing an additional 738 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the second quarter valued at approximately $98,000. Finally, MTM Investment Management LLC bought a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the second 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.