USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI – Get Free Report) reached a new 52-week high during trading on Monday. The stock traded as high as $31.97 and last traded at $31.96, with a volume of 93,325 shares changing hands. The stock had previously closed at $31.73.
USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund Stock Down 0.3%
The firm’s 50 day moving average is $30.95 and its two-hundred day moving average is $28.97.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Prism Advisors Inc. bought a new position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the 3rd quarter valued at about $9,823,000. NewEdge Advisors LLC grew its position 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 valued at $397,000 after purchasing an additional 10,000 shares during the last quarter. Ares Financial Consulting LLC grew its position in shares of 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 valued at $110,000 after purchasing an additional 3,502 shares during the last quarter. Allied Private Wealth LLC acquired a new position in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the second quarter valued at approximately $778,000. Finally, EverSource Wealth Advisors LLC bought a new position in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the first quarter worth approximately $1,539,000.
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.
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