USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI – Get Free Report) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 394,586 shares, an increase of 60.0% from the May 14th total of 246,598 shares. Based on an average daily trading volume, of 171,036 shares, the days-to-cover ratio is presently 2.3 days. Currently, 2.0% of the company’s stock are sold short.
USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund Trading Down 0.4%
SDCI stock opened at $26.75 on Thursday. USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund has a 1 year low of $21.42 and a 1 year high of $29.36. The stock has a 50-day simple moving average of $27.98 and a 200-day simple moving average of $25.47.
Institutional Investors Weigh In On USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund
A number of hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC acquired a new stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the 1st quarter valued at approximately $136,000. EverSource Wealth Advisors LLC acquired a new stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the 1st quarter valued at approximately $1,539,000. Midwest Professional Planners LTD. grew its stake 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 valued at $4,100,000 after purchasing an additional 16,083 shares in the last quarter. Nations Financial Group Inc. IA ADV acquired a new stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the 1st quarter valued at approximately $479,000. Finally, Principia Wealth Advisory LLC grew its stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 86.9% during the 4th quarter. Principia Wealth Advisory LLC now owns 4,560 shares of the company’s stock valued at $100,000 after purchasing an additional 2,120 shares in 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.
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