abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Sees Strong Trading Volume – Time to Buy?

Shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) saw an uptick in trading volume on Monday. Approximately 1,189,003 shares traded hands during mid-day trading, a decline of 29% from the previous session’s volume of 1,663,378 shares. The stock last traded at $26.0450 and had previously closed at $26.32.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Trading Down 1.3%

The business has a fifty day moving average price of $25.21 and a 200-day moving average price of $24.41.

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

A number of hedge funds have recently bought and sold shares of the business. Sunbelt Securities Inc. raised its stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 16.4% during the 1st quarter. Sunbelt Securities Inc. now owns 3,551 shares of the company’s stock valued at $86,000 after buying an additional 501 shares during the last quarter. CoreCap Advisors LLC lifted its holdings in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 29.8% during the 2nd quarter. CoreCap Advisors LLC now owns 2,798 shares of the company’s stock valued at $63,000 after buying an additional 643 shares during the period. EverSource Wealth Advisors LLC purchased a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 4th quarter worth $27,000. Silver Grove Financial Group Inc. purchased a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 4th quarter worth $53,000. Finally, Bruce G. Allen Investments LLC grew its holdings in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 13.3% in the fourth quarter. Bruce G. Allen Investments LLC now owns 29,609 shares of the company’s stock worth $578,000 after acquiring an additional 3,484 shares during the period.

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

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.