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

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) saw an uptick in trading volume on Monday . 678,622 shares were traded during trading, an increase of 102% from the previous session’s volume of 336,451 shares.The stock last traded at $20.31 and had previously closed at $20.03.

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

The firm’s 50-day simple moving average is $20.24 and its 200 day simple moving average is $20.08.

Institutional Investors Weigh In On abrdn Bloomberg All Commodity Strategy K-1 Free ETF

Several institutional investors have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 3rd quarter worth about $44,000. Hollencrest Capital Management boosted its position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 11.6% in the 3rd quarter. Hollencrest Capital Management now owns 30,748 shares of the company’s stock worth $628,000 after buying an additional 3,189 shares in the last quarter. Finally, Leavell Investment Management Inc. raised its stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 25.7% in the 2nd 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 during 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.