14-May-2024
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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 May 14, 2024, BCD stock price declined to $32.91 with 50,249 million shares trading.
BCD has a beta of 0.13, meaning it tends to be less sensitive to market movements. BCD has a correlation of 0.02 to the broad based SPY ETF.
BCD has a market cap of $225.43 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 $29.23.
BCD has underperformed the market in the last year with a price return of +7.9% while the SPY ETF gained +28.8%. However, in the short term, BCD had mixed performance relative to the market. It has outperformed in the last 3 months, returning +10.8% vs +5.3% return in SPY. But in the last 2 weeks, BCD shares have been beat by the market, returning +1.6% compared to an SPY return of +4.2%.
BCD support price is $32.77 and resistance is $33.19 (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.