Short Interest in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) Drops By 54.5%

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 33,153 shares, a decrease of 54.5% from the July 30th total of 72,810 shares. Based on an average daily volume of 176,870 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

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

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund stock traded up $0.14 during trading on Friday, reaching $30.07. The company had a trading volume of 777,516 shares, compared to its average volume of 237,335. USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund has a 52 week low of $21.97 and a 52 week high of $30.43. The firm’s 50-day simple moving average is $28.37 and its 200 day simple moving average is $27.35.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Ares Financial Consulting LLC lifted its holdings in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 538.8% during the 2nd 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 during the 2nd quarter valued at about $778,000. NewEdge Advisors LLC purchased a new position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the first quarter worth about $136,000. EverSource Wealth Advisors LLC purchased a new position in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the first quarter worth $1,539,000. Finally, Midwest Professional Planners LTD. raised its holdings in 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 valued at $4,100,000 after acquiring an additional 16,083 shares in the last quarter.

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.