abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD – Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 31,793 shares, a growth of 87.2% from the August 31st total of 16,982 shares. Based on an average daily trading volume, of 41,535 shares, the short-interest ratio is presently 0.8 days. Approximately 0.3% of the company’s stock are short sold.
Institutional Investors Weigh In On abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF
A number of hedge funds and other institutional investors have recently modified their holdings of BCD. Aureus Asset Management LLC purchased a new stake in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF during the 1st quarter worth $213,000. Madison Asset Management LLC increased its holdings in 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 buying an additional 24,078 shares during the last quarter. Mengis Capital Management Inc. raised its stake in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 3.8% in the fourth quarter. Mengis Capital Management Inc. now owns 63,842 shares of the company’s stock valued at $1,977,000 after buying an additional 2,344 shares in the last quarter. Finally, CoreCap Advisors LLC raised its stake in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 2.1% in the second quarter. CoreCap Advisors LLC now owns 103,163 shares of the company’s stock valued at $3,523,000 after buying an additional 2,095 shares in the last quarter.
abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF Stock Down 1.0%
Shares of NYSEARCA:BCD opened at $38.58 on Tuesday. The firm’s 50 day moving average price is $37.79 and its 200 day moving average price is $36.72. abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF has a fifty-two week low of $30.87 and a fifty-two week high of $39.55.
About abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF
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.
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