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

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 1,641,274 shares, a growth of 217.1% from the June 30th total of 517,562 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average trading volume of 1,362,855 shares, the days-to-cover ratio is currently 1.2 days.

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

abrdn Bloomberg All Commodity Strategy K-1 Free ETF stock opened at $23.65 on Wednesday. abrdn Bloomberg All Commodity Strategy K-1 Free ETF has a fifty-two week low of $19.47 and a fifty-two week high of $25.97. The firm has a fifty day moving average price of $23.59 and a two-hundred day moving average price of $23.17.

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

Several large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC bought a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 4th quarter valued at approximately $27,000. Horizon Investments LLC acquired a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the fourth quarter worth approximately $35,000. Silver Grove Financial Group Inc. acquired a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the fourth quarter worth approximately $53,000. CoreCap Advisors LLC boosted its position 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 valued at $63,000 after acquiring an additional 643 shares during the period. Finally, Sunbelt Securities Inc. boosted its position in shares of 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 acquiring an additional 573 shares during the period.

About abrdn Bloomberg All Commodity Strategy K-1 Free ETF

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.