USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) Short Interest Up 554.1% in July

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 72,810 shares, an increase of 554.1% from the July 15th total of 11,131 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 199,448 shares, the days-to-cover ratio is currently 0.4 days.

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund Stock Up 0.1%

SDCI stock traded up $0.03 during trading on Wednesday, reaching $29.45. The stock had a trading volume of 16,405 shares, compared to its average volume of 233,612. The stock’s 50 day moving average is $27.71 and its two-hundred day moving average is $26.83. USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund has a 52 week low of $21.72 and a 52 week high of $29.53.

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

Several hedge funds have recently made changes to their positions in the business. Principia Wealth Advisory LLC lifted its holdings 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 worth $100,000 after acquiring an additional 2,120 shares during the last quarter. Ares Financial Consulting LLC raised its holdings 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 purchasing an additional 3,502 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 worth $136,000. Flow Traders U.S. LLC purchased a new position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the 3rd quarter worth $321,000. Finally, Nations Financial Group Inc. IA ADV purchased a new stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the first quarter worth about $479,000.

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.