abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Short Interest Down 66.1% in June

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

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

Shares of NYSEARCA:BCI traded up $0.19 on Tuesday, reaching $22.33. The company’s stock had a trading volume of 1,425,462 shares, compared to its average volume of 1,639,690. The stock’s 50-day moving average is $24.26 and its two-hundred day moving average is $22.93. abrdn Bloomberg All Commodity Strategy K-1 Free ETF has a 52-week low of $19.47 and a 52-week high of $25.97.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets acquired a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 2nd quarter worth approximately $98,000. Captrust Financial Advisors raised its stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 39.4% during the second quarter. Captrust Financial Advisors now owns 43,885 shares of the company’s stock worth $911,000 after purchasing an additional 12,411 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 20,626.7% during the third quarter. JPMorgan Chase & Co. now owns 6,218 shares of the company’s stock worth $134,000 after purchasing an additional 6,188 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 3.7% during the third quarter. NewEdge Advisors LLC now owns 52,435 shares of the company’s stock worth $1,129,000 after purchasing an additional 1,857 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 23.0% during the third quarter. Sunbelt Securities Inc. now owns 3,066 shares of the company’s stock worth $66,000 after purchasing an additional 573 shares during the period.

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.