abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) saw unusually-strong trading volume on Thursday . Approximately 1,072,696 shares changed hands during mid-day trading, an increase of 198% from the previous session’s volume of 360,233 shares.The stock last traded at $19.93 and had previously closed at $19.75.

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

The company has a 50-day moving average price of $20.00 and a two-hundred day moving average price of $19.97.

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

Several institutional investors have recently added to or reduced their stakes in BCI. Leavell Investment Management Inc. grew its position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 14.4% during the 3rd quarter. Leavell Investment Management Inc. now owns 134,584 shares of the company’s stock worth $2,751,000 after buying an additional 16,988 shares during the period. Hollencrest Capital Management boosted its stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 11.6% during the third quarter. Hollencrest Capital Management now owns 30,748 shares of the company’s stock worth $628,000 after acquiring an additional 3,189 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the third quarter worth $44,000. Finally, JPMorgan Chase & Co. boosted its position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 43.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,675 shares of the company’s stock worth $55,000 after purchasing an additional 815 shares in the last quarter.

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.