USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) Short Interest Down 54.5% in August

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 33,153 shares, a decrease of 54.5% from the July 30th total of 72,810 shares. Based on an average trading volume of 176,870 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

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

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Midwest Professional Planners LTD. raised its stake 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. EverSource Wealth Advisors LLC acquired a new stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the 1st quarter worth $1,539,000. Allied Private Wealth LLC acquired a new stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the 2nd quarter worth $778,000. Creative Financial Designs Inc. ADV raised its position in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 13.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 25,683 shares of the company’s stock worth $566,000 after buying an additional 2,979 shares during the period. Finally, Nations Financial Group Inc. IA ADV purchased a new position in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the 1st quarter worth $479,000.

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund Trading Up 0.5%

Shares of SDCI stock traded up $0.14 during trading hours on Friday, hitting $30.07. 777,516 shares of the company were exchanged, compared to its average volume of 237,335. USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund has a 1 year low of $21.97 and a 1 year high of $30.43. The firm has a fifty day moving average of $28.37 and a 200 day moving average of $27.35.

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.