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

Shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) saw unusually-high trading volume on Thursday . Approximately 633,824 shares changed hands during mid-day trading, an increase of 83% from the previous session’s volume of 346,545 shares.The stock last traded at $19.31 and had previously closed at $19.21.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Trading Up 0.1 %

The firm has a fifty day simple moving average of $20.18 and a 200 day simple moving average of $20.05.

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

A number of institutional investors have recently added to or reduced their stakes in BCI. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 3rd quarter valued at about $44,000. Hollencrest Capital Management lifted its stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 11.6% during 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 period. Finally, Leavell Investment Management Inc. boosted its holdings in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 14.4% during the third quarter. Leavell Investment Management Inc. now owns 134,584 shares of the company’s stock valued at $2,751,000 after purchasing an additional 16,988 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.