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 recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 517,562 shares, an increase of 463.8% from the June 15th total of 91,804 shares. Based on an average daily volume of 1,746,083 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional Trading of abrdn Bloomberg All Commodity Strategy K-1 Free ETF

A number of large investors have recently made changes to their positions in BCI. BNP Paribas Financial Markets bought a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 2nd quarter valued at about $98,000. Captrust Financial Advisors increased its stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 39.4% during the second quarter. Captrust Financial Advisors now owns 43,885 shares of the company’s stock worth $911,000 after acquiring an additional 12,411 shares during the last quarter. JPMorgan Chase & Co. raised its position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 20,626.7% during the third quarter. JPMorgan Chase & Co. now owns 6,218 shares of the company’s stock valued at $134,000 after purchasing an additional 6,188 shares during the period. NewEdge Advisors LLC raised its position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 3.7% during the third quarter. NewEdge Advisors LLC now owns 52,435 shares of the company’s stock valued at $1,129,000 after purchasing an additional 1,857 shares during the period. Finally, Sunbelt Securities Inc. lifted its stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 23.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 3,066 shares of the company’s stock valued at $66,000 after purchasing an additional 573 shares during the last quarter.

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

abrdn Bloomberg All Commodity Strategy K-1 Free ETF stock remained flat at $22.99 during mid-day trading on Friday. 1,619,231 shares of the company were exchanged, compared to its average volume of 1,618,685. The firm’s 50-day moving average price is $23.94 and its 200 day moving average price is $22.94. abrdn Bloomberg All Commodity Strategy K-1 Free ETF has a 52 week low of $19.47 and a 52 week high of $25.97.

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.