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

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) was the target of a large drop in short interest in January. As of January 30th, there was short interest totaling 183,232 shares, a drop of 36.6% from the January 15th total of 288,848 shares. Based on an average daily trading volume, of 1,397,289 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,397,289 shares, the short-interest ratio is currently 0.1 days.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Stock Up 0.2%

Shares of NYSEARCA:BCI traded up $0.05 during trading on Friday, reaching $20.95. The company’s stock had a trading volume of 398,073 shares, compared to its average volume of 1,595,332. The firm’s 50 day simple moving average is $21.41 and its two-hundred day simple moving average is $21.50. abrdn Bloomberg All Commodity Strategy K-1 Free ETF has a 12 month low of $19.45 and a 12 month high of $23.37.

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

The firm also recently announced an annual dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were issued a dividend of $3.2198 per share. This represents a yield of 1,623.0%. The ex-dividend date was Tuesday, December 30th.

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

A number of large investors have recently added to or reduced their stakes in BCI. Hollencrest Capital Management grew its position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 16.4% in the 4th quarter. Hollencrest Capital Management now owns 29,620 shares of the company’s stock worth $578,000 after buying an additional 4,165 shares during the last quarter. Disciplina Capital Management LLC grew its stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 24.9% during the 4th quarter. Disciplina Capital Management LLC now owns 488,815 shares of the company’s stock worth $9,547,000 after buying an additional 97,496 shares during the last quarter. Bruce G. Allen Investments LLC raised its stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 13.3% in the fourth quarter. Bruce G. Allen Investments LLC now owns 29,609 shares of the company’s stock valued at $578,000 after buying an additional 3,484 shares during the last quarter. Winthrop Capital Management LLC acquired a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the fourth quarter worth about $442,000. Finally, EverSource Wealth Advisors LLC purchased a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the fourth quarter worth about $27,000.

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.