Short Interest in abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Rises By 217.1%

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

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

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 2nd quarter valued at about $98,000. Captrust Financial Advisors lifted its position 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 in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 20,626.7% in the third quarter. JPMorgan Chase & Co. now owns 6,218 shares of the company’s stock valued at $134,000 after purchasing an additional 6,188 shares during the period. NewEdge Advisors LLC grew its holdings in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 3.7% in the third quarter. NewEdge Advisors LLC now owns 52,435 shares of the company’s stock valued at $1,129,000 after purchasing an additional 1,857 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its stake in 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 worth $66,000 after buying an additional 573 shares during the period.

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

NYSEARCA:BCI opened at $24.49 on Monday. 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. The stock’s fifty day moving average is $23.67 and its two-hundred day moving average is $23.12.

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.