USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI – Get Free Report) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 72,810 shares, an increase of 554.1% from the July 15th total of 11,131 shares. Based on an average trading volume of 199,448 shares, the short-interest ratio is presently 0.4 days. Currently, 0.4% of the shares of the company are sold short.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. Ares Financial Consulting LLC boosted its stake in 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 stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the first quarter valued at about $136,000. Flow Traders U.S. LLC acquired a new stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the third quarter valued at about $321,000. Allied Private Wealth LLC purchased a new position in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the second quarter worth about $778,000. Finally, EverSource Wealth Advisors LLC purchased a new position in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the first quarter worth about $1,539,000.
USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund Price Performance
Shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund stock traded up $0.03 during mid-day trading on Wednesday, reaching $29.45. 16,405 shares of the stock traded hands, compared to its average volume of 233,612. The business has a 50-day moving average of $27.71 and a 200 day moving average of $26.83. 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 $29.53.
USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund Company Profile
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.
Further Reading
- Five stocks we like better than USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund
- On Holding’s Price Stumble May Be an Opening for a Company Built to Run
- TSMC’s 44.7% Sales Surge Signals the AI Boom Is Still Alive
- CoreWeave’s $129 Billion AI Backlog Changes the Bull Case
- Tesla’s Robotaxi Reality Check: Time to Deliver
Receive News & Ratings for USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund and related companies with MarketBeat.com's FREE daily email newsletter.
