Short Interest in abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Expands By 111.4%

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 220,067 shares, an increase of 111.4% from the August 15th total of 104,080 shares. Based on an average daily trading volume, of 1,078,142 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are short sold.

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

Shares of BCI traded up $0.04 during mid-day trading on Monday, reaching $26.52. 1,165,970 shares of the company’s stock were exchanged, compared to its average volume of 1,677,608. The business’s fifty day simple moving average is $24.57 and its 200-day simple moving average is $24.12. abrdn Bloomberg All Commodity Strategy K-1 Free ETF has a 52-week low of $19.47 and a 52-week high of $26.81.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. S. R. Schill & Associates acquired a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the first quarter worth about $6,255,000. SG Americas Securities LLC acquired a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 1st quarter valued at about $615,000. Janney Montgomery Scott LLC purchased a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 1st quarter valued at approximately $2,993,000. Winthrop Capital Management LLC purchased a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 4th quarter valued at approximately $442,000. Finally, 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 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. BCI was launched on Mar 30, 2017 and is managed by Abrdn.