USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI – Get Free Report) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 100,784 shares, a growth of 104.9% from the April 15th total of 49,191 shares. Based on an average trading volume of 143,625 shares, the short-interest ratio is currently 0.7 days. Approximately 0.5% of the shares of the stock are short sold.
USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund Price Performance
Shares of NYSEARCA:SDCI traded down $0.06 during trading on Friday, reaching $28.87. 88,519 shares of the company’s stock traded hands, compared to its average volume of 211,773. USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund has a fifty-two week low of $20.40 and a fifty-two week high of $29.36. The company has a 50-day simple moving average of $27.38 and a 200-day simple moving average of $24.68.
Institutional Investors Weigh In On USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund
A number of institutional investors have recently modified their holdings of the business. Midwest Professional Planners LTD. grew its position in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 12.0% during the 1st 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 during the period. Nations Financial Group Inc. IA ADV acquired a new stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the 1st quarter worth about $479,000. Principia Wealth Advisory LLC boosted its holdings in 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 buying an additional 2,120 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 13.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 25,683 shares of the company’s stock worth $566,000 after buying an additional 2,979 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the 3rd quarter worth about $321,000.
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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