abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Sees Significant Decline in Short Interest

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 91,804 shares, a decrease of 66.1% from the May 31st total of 271,036 shares. Based on an average trading volume of 1,049,822 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

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

NYSEARCA BCI traded down $0.15 during trading hours on Friday, reaching $22.29. The company’s stock had a trading volume of 1,708,844 shares, compared to its average volume of 1,654,769. The company’s 50-day moving average is $24.30 and its two-hundred day moving average is $22.93. abrdn Bloomberg All Commodity Strategy K-1 Free ETF has a 1-year low of $19.47 and a 1-year high of $25.97.

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

A number of institutional investors have recently made changes to their positions in the company. Sunbelt Securities Inc. grew its holdings in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 16.4% during the first quarter. Sunbelt Securities Inc. now owns 3,551 shares of the company’s stock worth $86,000 after buying an additional 501 shares in the last quarter. S. R. Schill & Associates purchased a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the first quarter valued at $6,255,000. Financial & Tax Architects LLC lifted its position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 6.2% in the first quarter. Financial & Tax Architects LLC now owns 942,286 shares of the company’s stock valued at $22,888,000 after buying an additional 55,071 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 1st quarter worth approximately $2,993,000. Finally, SG Americas Securities LLC acquired a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the first quarter valued at $615,000.

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.