USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) Hits New 1-Year High – What’s Next?

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI)’s share price hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as $31.95 and last traded at $31.6130, with a volume of 67750 shares traded. The stock had previously closed at $31.66.

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

The business has a 50 day moving average of $30.07 and a 200-day moving average of $28.38.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Midwest Professional Planners LTD. boosted its position in 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 worth $4,100,000 after acquiring an additional 16,083 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the 1st quarter valued at about $1,539,000. Allied Private Wealth LLC acquired a new stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the second quarter valued at about $778,000. Nations Financial Group Inc. IA ADV acquired a new position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the first quarter valued at approximately $479,000. Finally, NewEdge Advisors LLC increased its position in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 200.0% during the 2nd quarter. NewEdge Advisors LLC now owns 15,000 shares of the company’s stock worth $397,000 after purchasing an additional 10,000 shares during the last quarter.

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.