abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD) Sees Large Growth in Short Interest

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 59,917 shares, an increase of 88.5% from the September 15th total of 31,793 shares. Based on an average daily trading volume, of 40,312 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Madison Asset Management LLC grew its position in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 111.2% in the 1st quarter. Madison Asset Management LLC now owns 45,724 shares of the company’s stock worth $1,636,000 after buying an additional 24,078 shares during the last quarter. Aureus Asset Management LLC purchased a new stake in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF during the 1st quarter valued at $213,000. Farther Finance Advisors LLC boosted its position in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 163.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,799 shares of the company’s stock worth $300,000 after purchasing an additional 4,835 shares in the last quarter. Mengis Capital Management Inc. grew its stake in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 3.8% during the 4th quarter. Mengis Capital Management Inc. now owns 63,842 shares of the company’s stock worth $1,977,000 after buying an additional 2,344 shares during the last quarter. Finally, CoreCap Advisors LLC grew its stake in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 2.1% during the 2nd quarter. CoreCap Advisors LLC now owns 103,163 shares of the company’s stock worth $3,523,000 after buying an additional 2,095 shares during the last quarter.

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

BCD stock opened at $39.31 on Friday. The firm has a fifty day moving average price of $38.57 and a 200 day moving average price of $37.01. abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF has a fifty-two week low of $30.87 and a fifty-two week high of $39.56.

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.