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

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 770,281 shares, a decrease of 75.6% from the February 26th total of 3,162,208 shares. Based on an average trading volume of 2,768,675 shares, the short-interest ratio is presently 0.3 days. Approximately 0.8% of the shares of the stock are short sold.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Stock Up 0.4%

BCI stock traded up $0.10 during mid-day trading on Thursday, reaching $23.54. The company’s stock had a trading volume of 1,474,980 shares, compared to its average volume of 1,846,806. The company’s 50 day moving average is $22.05 and its two-hundred day moving average is $21.90. abrdn Bloomberg All Commodity Strategy K-1 Free ETF has a fifty-two week low of $19.45 and a fifty-two week high of $24.34.

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

The business also recently declared an annual dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were given a $3.2198 dividend. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 1,623.0%.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC purchased a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 4th quarter valued at $27,000. Horizon Investments LLC purchased a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 4th quarter worth $35,000. Silver Grove Financial Group Inc. purchased a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 4th quarter worth $53,000. Sunbelt Securities Inc. boosted its position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 23.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 3,066 shares of the company’s stock valued at $66,000 after acquiring an additional 573 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 2nd quarter valued at about $98,000.

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.