abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Short Interest Up 935.2% in February

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 3,162,208 shares, an increase of 935.2% from the February 12th total of 305,477 shares. Based on an average daily volume of 1,389,985 shares, the days-to-cover ratio is presently 2.3 days. Approximately 3.1% of the shares of the company are short sold. Approximately 3.1% of the shares of the company are short sold. Based on an average daily volume of 1,389,985 shares, the days-to-cover ratio is presently 2.3 days.

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

Several hedge funds have recently bought and sold shares of BCI. MTM Investment Management LLC purchased a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 2nd quarter worth approximately $103,000. BNP Paribas Financial Markets purchased a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 2nd quarter valued at $98,000. Captrust Financial Advisors increased its holdings in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 39.4% in the second quarter. Captrust Financial Advisors now owns 43,885 shares of the company’s stock worth $911,000 after purchasing an additional 12,411 shares during the period. Carter Financial Group INC. purchased a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the second quarter worth $984,000. Finally, Leavell Investment Management Inc. raised its position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 15.7% in the third quarter. Leavell Investment Management Inc. now owns 265,878 shares of the company’s stock worth $5,727,000 after buying an additional 36,017 shares in the last quarter.

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

BCI traded up $0.47 during trading on Thursday, reaching $24.21. 2,105,852 shares of the company were exchanged, compared to its average volume of 1,866,497. abrdn Bloomberg All Commodity Strategy K-1 Free ETF has a 12-month low of $19.45 and a 12-month high of $24.34. The company’s 50-day moving average is $21.23 and its two-hundred day moving average is $21.69.

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

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

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Company Profile

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.