USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) Sees Large Volume Increase – Still a Buy?

Shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) saw unusually-strong trading volume on Friday. Approximately 475,887 shares traded hands during trading, an increase of 89% from the previous session’s volume of 252,392 shares. The stock last traded at $30.9150 and had previously closed at $31.39.

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

The stock has a 50-day moving average price of $30.24 and a 200-day moving average price of $28.54.

Institutional Trading of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund

Several hedge funds have recently added to or reduced their stakes in SDCI. NewEdge Advisors LLC grew its holdings in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 200.0% during the 2nd 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 in the last quarter. Ares Financial Consulting LLC raised its stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 538.8% in the second quarter. Ares Financial Consulting LLC now owns 4,152 shares of the company’s stock worth $110,000 after buying an additional 3,502 shares in the last quarter. Allied Private Wealth LLC purchased a new stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the 2nd quarter worth approximately $778,000. EverSource Wealth Advisors LLC bought a new stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the first quarter worth approximately $1,539,000. Finally, Midwest Professional Planners LTD. grew its holdings in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 12.0% in the first quarter. Midwest Professional Planners LTD. now owns 150,516 shares of the company’s stock worth $4,100,000 after acquiring an additional 16,083 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.