Short Interest in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD) Declines By 71.5%

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 16,275 shares, a drop of 71.5% from the May 31st total of 57,180 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 77,955 shares, the days-to-cover ratio is currently 0.2 days.

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

Institutional investors have recently modified their holdings of the business. Flow Traders U.S. LLC grew its position in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 787.3% during the third quarter. Flow Traders U.S. LLC now owns 75,522 shares of the company’s stock valued at $2,595,000 after buying an additional 67,011 shares during the period. American National Bank & Trust increased its stake in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 26.3% in the fourth quarter. American National Bank & Trust now owns 170,356 shares of the company’s stock worth $5,274,000 after purchasing an additional 35,513 shares in the last quarter. Madison Asset Management LLC raised its position in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 111.2% in the first quarter. Madison Asset Management LLC now owns 45,724 shares of the company’s stock valued at $1,636,000 after purchasing an additional 24,078 shares during the period. Aureus Asset Management LLC bought a new stake in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF in the first quarter valued at approximately $213,000. Finally, Columbia River Financial Group LLC lifted its stake in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 3.5% during the 4th quarter. Columbia River Financial Group LLC now owns 149,005 shares of the company’s stock valued at $4,613,000 after buying an additional 5,081 shares in the last quarter.

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

BCD traded down $0.24 during midday trading on Monday, reaching $33.89. 75,621 shares of the company were exchanged, compared to its average volume of 72,244. abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF has a one year low of $30.87 and a one year high of $38.72. The company’s fifty day moving average price is $36.61 and its 200 day moving average price is $35.17.

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.