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

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 271,036 shares, a decrease of 77.6% from the May 14th total of 1,208,728 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 1,275,916 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors 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 the stock. iA Global Asset Management Inc. bought a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the fourth quarter worth approximately $19,581,000. Financial & Tax Architects LLC lifted its position 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 worth $22,888,000 after acquiring an additional 55,071 shares during the last quarter. Disciplina Capital Management LLC lifted its position 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 acquiring an additional 97,496 shares during the last quarter. S. R. Schill & Associates acquired a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 1st quarter worth $6,255,000. Finally, Janney Montgomery Scott LLC acquired a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 1st quarter worth $2,993,000.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Trading Down 0.5%

abrdn Bloomberg All Commodity Strategy K-1 Free ETF stock traded down $0.11 during mid-day trading on Friday, hitting $23.38. 1,630,189 shares of the company’s stock were exchanged, compared to its average volume of 1,652,616. The stock has a 50 day moving average of $24.58 and a two-hundred day moving average of $22.93. abrdn Bloomberg All Commodity Strategy K-1 Free ETF has a 1-year low of $19.47 and a 1-year 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.