USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) Sees Large Growth in Short Interest

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 100,784 shares, an increase of 104.9% from the April 15th total of 49,191 shares. Based on an average daily volume of 143,625 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.5% of the shares of the company are short sold.

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund Stock Up 0.7%

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund stock traded up $0.19 during trading hours on Monday, hitting $29.06. 58,421 shares of the company traded hands, compared to its average volume of 210,129. The firm’s 50-day simple moving average is $27.38 and its two-hundred day simple moving average is $24.68. USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund has a 1-year low of $20.40 and a 1-year high of $29.36.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Midwest Professional Planners LTD. raised its holdings in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 12.0% during the first quarter. Midwest Professional Planners LTD. now owns 150,516 shares of the company’s stock worth $4,100,000 after purchasing an additional 16,083 shares in the last quarter. Nations Financial Group Inc. IA ADV acquired a new position in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the 1st quarter valued at $479,000. Principia Wealth Advisory LLC increased its position in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 86.9% during the 4th quarter. Principia Wealth Advisory LLC now owns 4,560 shares of the company’s stock valued at $100,000 after purchasing an additional 2,120 shares during the period. Creative Financial Designs Inc. ADV raised its stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 13.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 25,683 shares of the company’s stock worth $566,000 after buying an additional 2,979 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the third quarter valued at $321,000.

About USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund

The USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) is an exchange-traded fund that is based on the SummerHaven Dynamic Commodity index. The fund is a broad-market commodity fund that holds an equally weighted portfolio of 14 commodity futures contracts. Contracts are chosen for optimal backwardation and price momentum. SDCI was launched on May 3, 2018 and is managed by USCF Advisers.