abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Short Interest Update

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,641,274 shares, an increase of 217.1% from the June 30th total of 517,562 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,362,855 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC acquired a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the fourth quarter valued at about $27,000. Horizon Investments LLC acquired a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the fourth quarter worth about $35,000. Silver Grove Financial Group Inc. bought a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 4th quarter valued at about $53,000. CoreCap Advisors LLC increased its holdings in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 29.8% in the 2nd quarter. CoreCap Advisors LLC now owns 2,798 shares of the company’s stock valued at $63,000 after buying an additional 643 shares during the period. Finally, Sunbelt Securities Inc. raised its position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 23.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 3,066 shares of the company’s stock valued at $66,000 after buying an additional 573 shares in the last quarter.

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

abrdn Bloomberg All Commodity Strategy K-1 Free ETF stock traded down $0.21 during mid-day trading on Tuesday, reaching $23.65. 806,517 shares of the company were exchanged, compared to its average volume of 1,752,053. The company has a fifty day simple moving average of $23.63 and a 200-day simple moving average of $23.15. abrdn Bloomberg All Commodity Strategy K-1 Free ETF has a 12 month low of $19.47 and a 12 month high of $25.97.

About abrdn Bloomberg All Commodity Strategy K-1 Free ETF

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.