USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) Reaches New 52-Week High – Still a Buy?

Shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) hit a new 52-week high during mid-day trading on Monday. The stock traded as high as $31.97 and last traded at $31.96, with a volume of 93,325 shares trading hands. The stock had previously closed at $31.73.

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

The stock has a 50-day moving average of $30.86 and a 200-day moving average of $28.90.

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

A number of institutional investors have recently modified their holdings of the stock. Prism Advisors Inc. bought a new position in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the third quarter worth $9,823,000. NewEdge Advisors LLC raised its stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 200.0% in the second quarter. NewEdge Advisors LLC now owns 15,000 shares of the company’s stock valued at $397,000 after purchasing an additional 10,000 shares in the last quarter. Ares Financial Consulting LLC raised its stake 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 valued at $110,000 after purchasing an additional 3,502 shares in the last quarter. Allied Private Wealth LLC bought a new stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the second quarter worth about $778,000. Finally, EverSource Wealth Advisors LLC bought a new stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the first quarter worth about $1,539,000.

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.