abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Sees Large Volume Increase – Here’s Why

Shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) saw unusually-high trading volume on Thursday . Approximately 633,824 shares traded hands during 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 Price Performance

The company has a 50-day simple moving average of $20.13 and a two-hundred day simple moving average of $20.03.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. bought a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 3rd quarter valued at about $44,000. Hollencrest Capital Management lifted its stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 11.6% during the 3rd 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 in the last quarter. Finally, Leavell Investment Management Inc. boosted its holdings in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 14.4% in 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.

About abrdn Bloomberg All Commodity Strategy K-1 Free ETF

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.