abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Short Interest Update

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 271,036 shares, a decline of 77.6% from the May 14th total of 1,208,728 shares. Based on an average trading volume of 1,275,916 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the company’s stock are sold short.

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

abrdn Bloomberg All Commodity Strategy K-1 Free ETF stock opened at $23.64 on Wednesday. The company’s fifty day simple moving average is $24.63 and its 200-day simple moving average is $22.91. abrdn Bloomberg All Commodity Strategy K-1 Free ETF has a 12 month low of $19.47 and a 12 month high of $25.97.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sunbelt Securities Inc. raised its stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 16.4% during the 1st quarter. Sunbelt Securities Inc. now owns 3,551 shares of the company’s stock worth $86,000 after purchasing an additional 501 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 4th quarter worth about $27,000. Horizon Investments LLC purchased a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 4th quarter worth about $35,000. NewEdge Advisors LLC grew its position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 3.7% in the third 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 in the last quarter. Finally, Silver Grove Financial Group Inc. bought a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the fourth quarter worth 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.