(BCIM) abrdn s - abrdn Bloomberg - Ratings and Ratios

The abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM) is designed to track the performance of the Bloomberg Industrial Metals SubindexSM, which focuses on futures contracts of key industrial metals such as copper, aluminum, zinc, nickel, and tin. The fund employs a fully collateralized investment strategy, ensuring that it remains invested in financial instruments that replicate the indexs returns, irrespective of market trends or conditions. BCIM is classified as a non-diversified fund, meaning it may concentrate its holdings in a limited number of securities, which can lead to higher volatility compared to diversified funds.

From a technical standpoint, BCIM has shown a stable trend, with its 20-day, 50-day, and 200-day moving averages converging around the $21 level. The average true range (ATR) of 0.20 indicates low price volatility, suggesting a relatively stable trading environment. The funds average daily trading volume of 16,962 shares over the past 20 days reflects moderate liquidity. With an assets under management (AUM) of $23.94 million, BCIM is a smaller ETF in the commodities space, which may impact its market influence and tracking efficiency.