abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Short Interest Down 93.0% in July

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 114,951 shares, a drop of 93.0% from the July 15th total of 1,641,274 shares. Based on an average trading volume of 2,976,839 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the company’s shares are short sold.

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

Shares of BCI stock traded up $0.14 during trading hours on Wednesday, hitting $24.65. The company had a trading volume of 237,077 shares, compared to its average volume of 1,725,862. The company’s fifty day moving average is $23.42 and its 200 day moving average is $23.42. abrdn Bloomberg All Commodity Strategy K-1 Free ETF has a fifty-two week low of $19.47 and a fifty-two week high of $25.97.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. iA Global Asset Management Inc. purchased a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 4th quarter valued at $19,581,000. Financial & Tax Architects LLC boosted its holdings in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 6.2% during the 1st quarter. Financial & Tax Architects LLC now owns 942,286 shares of the company’s stock valued at $22,888,000 after acquiring an additional 55,071 shares during the period. Disciplina Capital Management LLC grew its position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 24.9% in the 4th quarter. Disciplina Capital Management LLC now owns 488,815 shares of the company’s stock valued at $9,547,000 after acquiring an additional 97,496 shares in the last quarter. S. R. Schill & Associates acquired a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 1st quarter valued at about $6,255,000. Finally, Janney Montgomery Scott LLC purchased a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the first quarter worth about $2,993,000.

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.