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

abrdn Bloomberg All Commodity 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 Commodities Index. The Bloomberg Commodity Index (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.

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

As of May 16, 2024, BCI stock price climbed to $20.85 with 108,293 million shares trading.

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

BCI has a market cap of $1.07 billion. This is considered a Small Cap stock.

In the last 3 years, BCI stock traded as high as $31.94 and as low as $18.84.

BCI has underperformed the market in the last year with a price return of +6.8% while the SPY ETF gained +29.6%. However, in the short term, BCI had mixed performance relative to the market. It has outperformed in the last 3 months, returning +10.0% vs +5.6% return in SPY. But in the last 2 weeks, BCI shares have been beat by the market, returning +3.9% compared to an SPY return of +5.7%.

BCI support price is $20.68 and resistance is $20.94 (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 BCI stock will trade within this expected range on the day.