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

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 33,153 shares, a drop of 54.5% from the July 30th total of 72,810 shares. Based on an average daily trading volume, of 176,870 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are sold short.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC purchased a new position in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the 1st quarter worth approximately $1,539,000. Allied Private Wealth LLC acquired a new position in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the 2nd quarter worth approximately $778,000. Nations Financial Group Inc. IA ADV purchased a new stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the 1st quarter valued at approximately $479,000. Midwest Professional Planners LTD. lifted its stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 12.0% in the 1st quarter. Midwest Professional Planners LTD. now owns 150,516 shares of the company’s stock valued at $4,100,000 after buying an additional 16,083 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the 3rd quarter valued at approximately $321,000.

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund Trading Up 1.3%

Shares of NYSEARCA:SDCI traded up $0.39 during midday trading on Monday, hitting $30.46. 682,276 shares of the stock were exchanged, compared to its average volume of 239,593. USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund has a twelve month low of $21.97 and a twelve month high of $30.51. The company has a 50 day moving average price of $28.37 and a 200-day moving average price of $27.38.

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund Company Profile

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.