USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) Short Interest Update

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 394,586 shares, a growth of 60.0% from the May 14th total of 246,598 shares. Based on an average daily volume of 171,036 shares, the short-interest ratio is currently 2.3 days. Approximately 2.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund

A number of institutional investors and hedge funds have recently made changes to their positions in SDCI. Midwest Professional Planners LTD. lifted its stake in shares of 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 valued at $4,100,000 after acquiring an additional 16,083 shares during the period. EverSource Wealth Advisors LLC bought a new position in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the 1st quarter valued at about $1,539,000. Creative Financial Designs Inc. ADV grew its position in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 13.1% during 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 during the period. Nations Financial Group Inc. IA ADV bought a new stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the first quarter worth approximately $479,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the third quarter worth approximately $321,000.

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund Stock Performance

Shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund stock traded down $0.19 during midday trading on Tuesday, reaching $26.75. The company had a trading volume of 90,855 shares, compared to its average volume of 205,837. The stock has a fifty day simple moving average of $28.01 and a 200 day simple moving average of $25.41. USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund has a 1-year low of $21.42 and a 1-year high of $29.36.

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.