BCD Stock Summary and Trading Ideas (Abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | ARCA:BCD)

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (the Fund ) is an actively managed exchange traded fund that seeks to provide a total return designed to exceed the performance of the Bloomberg All Commodity Index 3 Month Forward. The Bloomberg Commodity Index 3 Month Forward (BCOM) consists of 22 commodities which are weighted 2/3 by trading volume and 1/3 world production with an additional criteria of global economic significance. Weight caps are also applied to limit concentraction in a particular sector (33%). The futures contracts are 3 months ahead of the standard contract calendar.

Abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF trades on the ARCA stock market under the symbol BCD.

As of April 24, 2024, BCD stock price declined to $32.60 with 24,833 million shares trading.

BCD has a beta of 0.15, meaning it tends to be less sensitive to market movements. BCD has a correlation of 0.03 to the broad based SPY ETF.

BCD has a market cap of $223.31 million. This is considered a Small Cap stock.

In the last 3 years, BCD stock traded as high as $42.61 and as low as $28.54.

BCD stock has underperformed the market in the last year with a return of +2.2%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BCD shares. However, BCD has outperformed the market in the last 3 month and 2 week periods, returning +7.2% and -0.1%, while SPY returned +4.6% and -2.7%, respectively. This indicates BCD has been having a stronger performance recently.

BCD support price is $32.50 and resistance is $32.96 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BCD stock will trade within this expected range on the day.