USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) Sees Large Decline in Short Interest

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 140,709 shares, a drop of 64.3% from the May 31st total of 394,586 shares. Based on an average trading volume of 195,395 shares, the short-interest ratio is presently 0.7 days. Approximately 0.7% of the shares of the stock are short sold.

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

SDCI stock opened at $26.11 on Friday. The company’s 50 day moving average is $27.84 and its 200 day moving average is $25.60. USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund has a 1-year low of $21.46 and a 1-year high of $29.36.

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

A number of hedge funds have recently made changes to their positions in the business. Principia Wealth Advisory LLC boosted its stake 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 purchasing an additional 2,120 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the 1st quarter valued at about $136,000. Flow Traders U.S. LLC purchased a new position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the 3rd quarter worth approximately $321,000. Nations Financial Group Inc. IA ADV purchased a new position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the 1st quarter worth approximately $479,000. Finally, Creative Financial Designs Inc. ADV increased its stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 40,442.9% in the 3rd 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.

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.