abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Sees Unusually-High Trading Volume – Time to Buy?

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCIGet Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 540,419 shares changed hands during mid-day trading, an increase of 59% from the previous session’s volume of 340,486 shares.The stock last traded at $20.10 and had previously closed at $20.06.

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

The firm’s 50-day moving average is $20.22 and its 200-day moving average is $20.15.

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

Several large investors have recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. bought a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the third quarter worth $44,000. Lynx Investment Advisory purchased a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the second quarter worth $159,000. Hollencrest Capital Management boosted its holdings in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 11.6% in 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 during the period. Finally, Leavell Investment Management Inc. grew its position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 25.7% in the second quarter. Leavell Investment Management Inc. now owns 117,596 shares of the company’s stock valued at $2,391,000 after purchasing an additional 24,040 shares in the last quarter.

About abrdn Bloomberg All Commodity Strategy K-1 Free ETF

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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.

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