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

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) saw unusually-high trading volume on Wednesday . Approximately 1,567,613 shares were traded during mid-day trading, an increase of 212% from the previous session’s volume of 501,823 shares.The stock last traded at $20.72 and had previously closed at $20.68.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Trading Down 0.0 %

The firm’s fifty day simple moving average is $20.12 and its 200 day simple moving average is $19.97.

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

A number of hedge funds have recently bought and sold shares of BCI. Leavell Investment Management Inc. lifted its position 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 buying an additional 16,988 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 3rd quarter worth about $44,000. Bruce G. Allen Investments LLC grew its holdings in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 2.4% during the 4th quarter. Bruce G. Allen Investments LLC now owns 30,213 shares of the company’s stock valued at $597,000 after purchasing an additional 721 shares during the last quarter. JPMorgan Chase & Co. raised its position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 43.8% in 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 during the period. Finally, Hollencrest Capital Management lifted its stake in 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 purchasing an additional 3,189 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.