USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) Sees Significant Growth in Short Interest

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 72,810 shares, a growth of 554.1% from the July 15th total of 11,131 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 199,448 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund

A number of large investors have recently added to or reduced their stakes in the stock. Midwest Professional Planners LTD. raised its position in shares of 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 purchasing an additional 16,083 shares during the period. EverSource Wealth Advisors LLC bought a new stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the 1st quarter worth $1,539,000. Allied Private Wealth LLC bought a new stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the 2nd quarter worth $778,000. Creative Financial Designs Inc. ADV grew its stake 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 valued at $566,000 after buying an additional 2,979 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV acquired a new position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the 1st quarter valued at $479,000.

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

Shares of NYSEARCA SDCI traded down $0.28 during mid-day trading on Thursday, reaching $29.25. 62,574 shares of the company traded hands, compared to its average volume of 232,774. The company’s fifty day moving average is $27.73 and its two-hundred day moving average is $26.87. USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund has a fifty-two week low of $21.72 and a fifty-two week high of $29.55.

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.