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

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) shares saw an uptick in trading volume on Monday . 678,622 shares changed hands during mid-day 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 Price Performance

The business’s 50-day simple moving average is $20.25 and its two-hundred day simple moving average is $20.09.

Institutional Trading of abrdn Bloomberg All Commodity Strategy K-1 Free ETF

A number of hedge funds have recently made changes to their positions in BCI. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the third quarter worth $44,000. Hollencrest Capital Management lifted its holdings in 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 worth $628,000 after buying 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 2nd quarter. Leavell Investment Management Inc. now owns 117,596 shares of the company’s stock valued at $2,391,000 after buying 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.