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

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) was the recipient of a large decrease in short interest in March. As of March 13th, there was short interest totaling 770,281 shares, a decrease of 75.6% from the February 26th total of 3,162,208 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,768,675 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 2,768,675 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.8% of the shares of the stock are sold short.

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

NYSEARCA:BCI traded up $0.03 during midday trading on Wednesday, hitting $23.44. 1,008,597 shares of the company traded hands, compared to its average volume of 1,853,332. The firm’s fifty day moving average is $21.92 and its 200-day moving average is $21.88. abrdn Bloomberg All Commodity Strategy K-1 Free ETF has a 12-month low of $19.45 and a 12-month high of $24.34.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Announces Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were paid a $3.2198 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a dividend yield of 1,623.0%.

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

A number of large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets bought 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 boosted 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 valued at $911,000 after buying an additional 12,411 shares during the period. Carter Financial Group INC. purchased a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the second quarter valued at approximately $984,000. Leavell Investment Management Inc. grew its stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 15.7% during the third quarter. Leavell Investment Management Inc. now owns 265,878 shares of the company’s stock valued at $5,727,000 after buying an additional 36,017 shares during the last quarter. Finally, Compass Financial Group Inc. bought a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the third quarter valued at approximately $1,891,000.

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.