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) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 495,372 shares, a growth of 1,394.2% from the August 15th total of 33,153 shares. Based on an average daily trading volume, of 367,190 shares, the short-interest ratio is presently 1.3 days. Currently, 2.5% of the shares of the company are short sold.

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund Trading Down 1.2%

Shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund stock traded down $0.38 during trading on Friday, reaching $31.52. The company’s stock had a trading volume of 433,348 shares, compared to its average volume of 250,445. The business’s 50-day moving average price is $29.32 and its 200-day moving average price is $27.89. USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund has a 52 week low of $21.97 and a 52 week high of $31.90.

Institutional Trading of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund

Several hedge funds and other institutional investors have recently bought and sold shares of SDCI. Principia Wealth Advisory LLC grew 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 worth $100,000 after purchasing an additional 2,120 shares in the last quarter. Ares Financial Consulting LLC raised its position in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 538.8% in the second quarter. Ares Financial Consulting LLC now owns 4,152 shares of the company’s stock valued at $110,000 after buying an additional 3,502 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the first quarter valued at approximately $136,000. Flow Traders U.S. LLC bought a new stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the third quarter valued at approximately $321,000. Finally, Nations Financial Group Inc. IA ADV bought a new stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the first quarter valued at approximately $479,000.

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.