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 significant 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. Approximately 2.5% of the shares of the company are short sold. Based on an average daily volume of 367,190 shares, the days-to-cover ratio is currently 1.3 days.

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

Shares of SDCI traded up $0.34 during trading hours on Thursday, hitting $31.90. The company’s stock had a trading volume of 531,228 shares, compared to its average volume of 249,382. The business has a 50 day simple moving average of $29.22 and a two-hundred day simple moving average of $27.87. 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 Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC boosted its holdings in shares of 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 worth $397,000 after acquiring an additional 10,000 shares during the period. Ares Financial Consulting LLC lifted its holdings in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 538.8% during the 2nd quarter. Ares Financial Consulting LLC now owns 4,152 shares of the company’s stock worth $110,000 after purchasing an additional 3,502 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the 3rd quarter worth about $321,000. Allied Private Wealth LLC bought a new position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the 2nd quarter worth about $778,000. Finally, EverSource Wealth Advisors LLC purchased a new position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the 1st quarter valued at about $1,539,000.

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.