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 Wednesday . 1,077,928 shares changed hands during mid-day trading, an increase of 209% from the previous session’s volume of 349,073 shares.The stock last traded at $21.32 and had previously closed at $21.19.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Stock Up 0.8 %

The company has a fifty day simple moving average of $20.88 and a 200-day simple moving average of $20.33.

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

Hedge funds have recently modified their holdings of the business. First Horizon Advisors Inc. acquired a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 4th quarter worth about $31,000. Sunbelt Securities Inc. lifted its stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 938.8% during the 4th quarter. Sunbelt Securities Inc. now owns 2,493 shares of the company’s stock worth $49,000 after acquiring an additional 2,253 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 43.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,675 shares of the company’s stock worth $55,000 after acquiring an additional 815 shares in the last quarter. IHT Wealth Management LLC lifted its stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 10.2% during the 4th quarter. IHT Wealth Management LLC now owns 19,012 shares of the company’s stock worth $375,000 after acquiring an additional 1,753 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 5.3% in the 4th quarter. Captrust Financial Advisors now owns 28,501 shares of the company’s stock valued at $563,000 after purchasing an additional 1,429 shares in the last quarter.

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.