Short Interest in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD) Drops By 72.1%

by · The Cerbat Gem

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD – Get Free Report) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 16,982 shares, a drop of 72.1% from the August 15th total of 60,925 shares. Based on an average daily volume of 48,414 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Columbia River Financial Group LLC increased its holdings in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 3.5% in the fourth quarter. Columbia River Financial Group LLC now owns 149,005 shares of the company’s stock valued at $4,613,000 after buying an additional 5,081 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 2.1% during the second quarter. CoreCap Advisors LLC now owns 103,163 shares of the company’s stock valued at $3,523,000 after purchasing an additional 2,095 shares during the last quarter. Mengis Capital Management Inc. increased its stake in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 3.8% in the 4th quarter. Mengis Capital Management Inc. now owns 63,842 shares of the company’s stock worth $1,977,000 after purchasing an additional 2,344 shares in the last quarter. Madison Asset Management LLC increased its stake in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 111.2% in the 1st quarter. Madison Asset Management LLC now owns 45,724 shares of the company’s stock worth $1,636,000 after purchasing an additional 24,078 shares in the last quarter. Finally, Cohen & Steers Inc. increased its position in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 7.1% in the fourth quarter. Cohen & Steers Inc. now owns 19,375 shares of the company’s stock worth $600,000 after acquiring an additional 1,290 shares in the last quarter.

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF Stock Down 0.9%

Shares of NYSEARCA BCD traded down $0.35 during midday trading on Friday, reaching $39.20. The company’s stock had a trading volume of 23,725 shares, compared to its average volume of 64,854. The company has a 50 day moving average price of $37.02 and a 200 day moving average price of $36.36. abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF has a one year low of $30.87 and a one year high of $39.55.

About abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF

(Get Free Report)

The abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) is an exchange-traded fund that mostly invests in broad market commodities. The abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (the Fund) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Commodity Index 3 Month Forward Total Return (the Index). BCD was launched on Mar 30, 2017 and is managed by Abrdn.

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