abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD) Sees Large Drop in Short Interest

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 16,275 shares, a drop of 71.5% from the May 31st total of 57,180 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 77,955 shares, the short-interest ratio is currently 0.2 days.

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

A number of hedge funds have recently modified their holdings of the business. Aureus Asset Management LLC purchased a new position in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF during the 1st quarter worth approximately $213,000. Madison Asset Management LLC raised its position in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 111.2% in the first quarter. Madison Asset Management LLC now owns 45,724 shares of the company’s stock valued at $1,636,000 after purchasing an additional 24,078 shares during the period. Mengis Capital Management Inc. raised its position in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 3.8% in the fourth quarter. Mengis Capital Management Inc. now owns 63,842 shares of the company’s stock valued at $1,977,000 after purchasing an additional 2,344 shares during the period. Cohen & Steers Inc. lifted its stake in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 7.1% during the fourth quarter. Cohen & Steers Inc. now owns 19,375 shares of the company’s stock worth $600,000 after purchasing an additional 1,290 shares in the last quarter. Finally, Columbia River Financial Group LLC lifted its stake in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 3.5% during the fourth quarter. Columbia River Financial Group LLC now owns 149,005 shares of the company’s stock worth $4,613,000 after purchasing an additional 5,081 shares in the last quarter.

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

Shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF stock opened at $34.13 on Friday. The stock’s 50 day simple moving average is $36.61 and its 200-day simple moving average is $35.17. abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF has a 1-year low of $30.87 and a 1-year high of $38.72.

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF Company Profile

The abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) is an exchange-traded fund that mostly invests in broad market commodities. The abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (the Fund) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Commodity Index 3 Month Forward Total Return (the Index). BCD was launched on Mar 30, 2017 and is managed by Abrdn.