Short Interest in abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Decreases By 75.6%

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) was the target of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 770,281 shares, a drop of 75.6% from the February 26th total of 3,162,208 shares. Based on an average trading volume of 2,768,675 shares, the short-interest ratio is presently 0.3 days. Approximately 0.8% of the company’s shares are short sold.

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

Shares of NYSEARCA:BCI traded up $0.55 during midday trading on Friday, hitting $24.09. 1,545,829 shares of the company’s stock traded hands, compared to its average volume of 1,841,706. The firm’s fifty day moving average price is $22.13 and its two-hundred day moving average price is $21.92. abrdn Bloomberg All Commodity Strategy K-1 Free ETF has a twelve month low of $19.45 and a twelve month high of $24.34.

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

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

Institutional Investors Weigh In On abrdn Bloomberg All Commodity Strategy K-1 Free ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. grew its stake 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 buying an additional 573 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 4th quarter worth approximately $27,000. Horizon Investments LLC purchased a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 4th quarter worth approximately $35,000. NewEdge Advisors LLC boosted its holdings in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 3.7% in the 3rd quarter. NewEdge Advisors LLC now owns 52,435 shares of the company’s stock worth $1,129,000 after acquiring an additional 1,857 shares during the period. Finally, Silver Grove Financial Group Inc. acquired a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the fourth quarter valued at approximately $53,000.

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.