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

Shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) saw unusually-high trading volume on Thursday . Approximately 633,824 shares were traded during mid-day trading, an increase of 83% from the previous session’s volume of 346,545 shares.The stock last traded at $19.31 and had previously closed at $19.21.

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

The firm has a 50 day simple moving average of $20.18 and a 200-day simple moving average of $20.05.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Leavell Investment Management Inc. boosted its stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 14.4% in the third quarter. Leavell Investment Management Inc. now owns 134,584 shares of the company’s stock worth $2,751,000 after purchasing an additional 16,988 shares in the last quarter. Hollencrest Capital Management raised 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 valued at $628,000 after buying an additional 3,189 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the third quarter valued at about $44,000.

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.