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

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 495,372 shares, an increase of 1,394.2% from the August 15th total of 33,153 shares. Based on an average daily volume of 367,190 shares, the short-interest ratio is presently 1.3 days. Approximately 2.5% of the company’s stock are short sold.

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

Shares of SDCI stock traded down $0.29 on Friday, hitting $31.61. The stock had a trading volume of 32,710 shares, compared to its average volume of 248,049. The stock’s 50 day moving average is $29.22 and its 200-day moving average is $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.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ares Financial Consulting LLC increased its position in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 538.8% during the second quarter. Ares Financial Consulting LLC now owns 4,152 shares of the company’s stock worth $110,000 after acquiring an additional 3,502 shares during the last quarter. Principia Wealth Advisory LLC lifted its stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 86.9% in 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 in the last quarter. NewEdge Advisors LLC purchased a new position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the first 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 third quarter valued at about $321,000. Finally, Nations Financial Group Inc. IA ADV purchased a new position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the first quarter valued at about $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.