28-Mar-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 March 28, 2024, BCD stock price climbed to $31.55 with 107,303 million shares trading.
BCD has a beta of 0.26, meaning it tends to be less sensitive to market movements. BCD has a correlation of 0.08 to the broad based SPY ETF.
BCD has a market cap of $208.23 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 $26.57.
BCD has underperformed the market in the last year with a price return of +0.5% while the SPY ETF gained +33.6%. BCD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.6% and +0.9%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
BCD support price is $31.06 and resistance is $31.38 (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.