USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) Hits New 1-Year High – Here’s Why

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $31.95 and last traded at $31.6130, with a volume of 67750 shares changing hands. The stock had previously closed at $31.66.

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund Trading Down 0.4%

The stock’s 50-day simple moving average is $29.94 and its 200 day simple moving average is $28.32.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Principia Wealth Advisory LLC lifted its position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 86.9% during the fourth quarter. Principia Wealth Advisory LLC now owns 4,560 shares of the company’s stock worth $100,000 after acquiring an additional 2,120 shares during the last quarter. Ares Financial Consulting LLC grew its holdings in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 538.8% in the 2nd 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 bought a new position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the 1st quarter worth $136,000. Midwest Professional Planners LTD. increased its position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 12.0% during the 1st quarter. Midwest Professional Planners LTD. now owns 150,516 shares of the company’s stock worth $4,100,000 after buying an additional 16,083 shares during the period. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the first quarter worth $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.