Short Interest in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD) Drops By 72.1%

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 16,982 shares, a decrease of 72.1% from the August 15th total of 60,925 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 48,414 shares, the short-interest ratio is presently 0.4 days.

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF Stock Down 0.9%

Shares of BCD stock traded down $0.35 during midday trading on Friday, reaching $39.20. 23,725 shares of the company were exchanged, compared to its average volume of 64,854. abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF has a 12 month low of $30.87 and a 12 month high of $39.55. The company’s 50 day moving average price is $37.02 and its two-hundred day moving average price is $36.36.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Madison Asset Management LLC boosted its stake in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 111.2% during the 1st quarter. Madison Asset Management LLC now owns 45,724 shares of the company’s stock valued at $1,636,000 after purchasing an additional 24,078 shares in the last quarter. Mengis Capital Management Inc. lifted its holdings in shares of 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 during the period. Columbia River Financial Group LLC lifted its holdings in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 3.5% in the fourth quarter. Columbia River Financial Group LLC now owns 149,005 shares of the company’s stock valued at $4,613,000 after buying an additional 5,081 shares during the period. Cohen & Steers Inc. grew its holdings in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 7.1% during the fourth quarter. Cohen & Steers Inc. now owns 19,375 shares of the company’s stock worth $600,000 after acquiring an additional 1,290 shares during the period. Finally, Flow Traders U.S. LLC bought a new stake in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF in the second quarter worth about $282,000.

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.