USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) Short Interest Up 104.9% in April

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) saw a large growth in short interest in April. As of April 30th, there was short interest totaling 100,784 shares, a growth of 104.9% from the April 15th total of 49,191 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 143,625 shares, the short-interest ratio is presently 0.7 days.

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

Shares of NYSEARCA SDCI traded down $0.06 during mid-day trading on Friday, hitting $28.87. The company had a trading volume of 88,519 shares, compared to its average volume of 211,773. The firm has a 50-day simple moving average of $27.38 and a two-hundred day simple moving average of $24.67. USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund has a one year low of $20.40 and a one year high of $29.36.

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

Hedge funds have recently modified their holdings of the stock. Principia Wealth Advisory LLC grew its holdings in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 86.9% in the 4th quarter. Principia Wealth Advisory LLC now owns 4,560 shares of the company’s stock valued at $100,000 after acquiring an additional 2,120 shares in the last quarter. Flow Traders U.S. LLC bought a new position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the third quarter worth about $321,000. Nations Financial Group Inc. IA ADV bought a new position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the first quarter worth about $479,000. Creative Financial Designs Inc. ADV grew its holdings in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 40,442.9% during the third quarter. Creative Financial Designs Inc. ADV now owns 22,704 shares of the company’s stock worth $522,000 after purchasing an additional 22,648 shares during the period. Finally, Midwest Professional Planners LTD. grew 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 during the period.

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.