abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Sees Large Volume Increase – What’s Next?

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) saw unusually-high trading volume on Wednesday . Approximately 1,077,928 shares traded hands during trading, an increase of 209% from the previous session’s volume of 349,073 shares.The stock last traded at $21.32 and had previously closed at $21.19.

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

The firm’s 50-day simple moving average is $20.94 and its two-hundred day simple moving average is $20.35.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 938.8% during the 4th quarter. Sunbelt Securities Inc. now owns 2,493 shares of the company’s stock worth $49,000 after purchasing an additional 2,253 shares in the last quarter. Fullerton Fund Management Co Ltd. acquired a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 4th quarter valued at $2,193,000. Captrust Financial Advisors boosted its stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 5.3% during the 4th quarter. Captrust Financial Advisors now owns 28,501 shares of the company’s stock valued at $563,000 after buying an additional 1,429 shares during the period. IHT Wealth Management LLC boosted its stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 10.2% during the 4th quarter. IHT Wealth Management LLC now owns 19,012 shares of the company’s stock valued at $375,000 after buying an additional 1,753 shares during the period. Finally, Cohen & Steers Inc. boosted its stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 53.2% during the 4th quarter. Cohen & Steers Inc. now owns 61,743 shares of the company’s stock valued at $1,219,000 after buying an additional 21,447 shares during the period.

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.