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

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 140,709 shares, a drop of 64.3% from the May 31st total of 394,586 shares. Based on an average daily trading volume, of 195,395 shares, the short-interest ratio is presently 0.7 days. Currently, 0.7% of the company’s stock are sold short.

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund Stock Up 0.1%

Shares of NYSEARCA SDCI traded up $0.02 during mid-day trading on Monday, reaching $26.13. 807,856 shares of the company’s stock traded hands, compared to its average volume of 230,091. The business has a 50-day simple moving average of $27.84 and a 200 day simple moving average of $25.62. USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund has a 1-year low of $21.46 and a 1-year high of $29.36.

Hedge Funds Weigh In On USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund

Hedge funds have recently added to or reduced their stakes in the stock. Principia Wealth Advisory LLC raised its stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 86.9% in the fourth quarter. Principia Wealth Advisory LLC now owns 4,560 shares of the company’s stock worth $100,000 after purchasing an additional 2,120 shares during the last quarter. NewEdge Advisors LLC purchased a new position in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the first quarter valued at approximately $136,000. Flow Traders U.S. LLC purchased a new position in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the third quarter valued at approximately $321,000. Nations Financial Group Inc. IA ADV bought a new position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the 1st quarter valued at $479,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 40,442.9% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 22,704 shares of the company’s stock worth $522,000 after acquiring an additional 22,648 shares during the last quarter.

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.