Short Interest in abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Expands By 417.9%

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 288,848 shares, a growth of 417.9% from the December 31st total of 55,774 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 2,026,718 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 2,026,718 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.3% of the shares of the company are short sold.

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

Several hedge funds have recently made changes to their positions in BCI. Farther Finance Advisors LLC grew its holdings in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 98.0% during the second quarter. Farther Finance Advisors LLC now owns 1,742 shares of the company’s stock worth $36,000 after acquiring an additional 862 shares during the period. Sunbelt Securities Inc. increased its position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 23.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 3,066 shares of the company’s stock worth $66,000 after purchasing an additional 573 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 2nd quarter worth about $98,000. MTM Investment Management LLC acquired a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 2nd quarter worth $103,000. Finally, Red Tortoise LLC purchased a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 4th quarter valued at about $127,000.

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

NYSEARCA BCI opened at $21.82 on Wednesday. abrdn Bloomberg All Commodity Strategy K-1 Free ETF has a 1-year low of $19.45 and a 1-year high of $23.37. The business has a 50 day simple moving average of $21.71 and a two-hundred day simple moving average of $21.50.

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

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

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.