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

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) shares saw an uptick in trading volume on Wednesday . 1,302,853 shares traded hands during trading, an increase of 232% from the previous session’s volume of 392,905 shares.The stock last traded at $19.67 and had previously closed at $19.55.

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

The stock’s 50 day moving average is $21.00 and its two-hundred day moving average is $20.49.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Hollencrest Capital Management boosted its holdings in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 2.3% in the fourth quarter. Hollencrest Capital Management now owns 31,445 shares of the company’s stock valued at $621,000 after purchasing an additional 697 shares in the last quarter. Bruce G. Allen Investments LLC grew its position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 2.4% in the 4th quarter. Bruce G. Allen Investments LLC now owns 30,213 shares of the company’s stock valued at $597,000 after buying an additional 721 shares during the last quarter. JPMorgan Chase & Co. raised 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. Captrust Financial Advisors boosted its stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 5.3% in the fourth quarter. Captrust Financial Advisors now owns 28,501 shares of the company’s stock valued at $563,000 after acquiring an additional 1,429 shares in the last quarter. Finally, First Horizon Advisors Inc. purchased a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the fourth quarter worth about $31,000.

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.