USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 118,704 shares, an increase of 141.4% from the September 15th total of 49,177 shares. Based on an average daily volume of 297,717 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.5% of the shares of the stock are sold short.
Institutional Trading of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund
A number of hedge funds and other institutional investors have recently made changes to their positions 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 2nd 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 during the last quarter. NewEdge Advisors LLC acquired a new position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the first quarter valued at about $136,000. Midwest Professional Planners LTD. lifted its position 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 buying an additional 16,083 shares during the last quarter. Nations Financial Group Inc. IA ADV purchased a new position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the first quarter worth about $479,000. Finally, Allied Private Wealth LLC purchased a new position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the second quarter worth about $778,000.
USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund Trading Down 0.9%
Shares of SDCI stock traded down $0.27 on Wednesday, hitting $31.49. 161,670 shares of the stock traded hands, compared to its average volume of 255,165. The firm’s 50-day moving average price is $30.67 and its two-hundred day moving average price is $28.81. USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund has a twelve month low of $21.97 and a twelve month high of $31.95.
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.
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