USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) Shares Shorted: Short Interest Down 90.1% in September

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 49,177 shares, a decline of 90.1% from the August 31st total of 495,372 shares. Based on an average daily trading volume, of 419,332 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the company’s shares are short sold.

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund Trading Down 0.9%

Shares of SDCI stock traded down $0.28 on Friday, reaching $31.30. 182,902 shares of the stock were exchanged, compared to its average volume of 253,515. The firm has a 50 day moving average of $30.07 and a two-hundred day moving average of $28.38. USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund has a 1-year low of $21.97 and a 1-year high of $31.95.

Institutional Investors Weigh In On USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in SDCI. Midwest Professional Planners LTD. raised its holdings in shares of 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 worth $4,100,000 after purchasing an additional 16,083 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the 1st quarter worth about $1,539,000. Allied Private Wealth LLC acquired a new stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the 2nd quarter worth approximately $778,000. Nations Financial Group Inc. IA ADV acquired a new stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the 1st quarter worth approximately $479,000. Finally, NewEdge Advisors LLC raised its holdings in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 200.0% in the second quarter. NewEdge Advisors LLC now owns 15,000 shares of the company’s stock valued at $397,000 after buying an additional 10,000 shares during the period.

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.