USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI – Get Free Report) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 49,177 shares, a drop of 90.1% from the August 31st total of 495,372 shares. Based on an average trading volume of 419,332 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the company’s stock are short sold.
Hedge Funds Weigh In On USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SDCI. Midwest Professional Planners LTD. grew its position in 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 worth $4,100,000 after acquiring an additional 16,083 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the 1st quarter valued at $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 2nd quarter valued at $778,000. Nations Financial Group Inc. IA ADV acquired a new stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the 1st quarter valued at $479,000. Finally, NewEdge Advisors LLC boosted its holdings 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 worth $397,000 after purchasing an additional 10,000 shares in the last quarter.
USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund Stock Performance
NYSEARCA SDCI traded down $0.08 on Thursday, reaching $31.58. The stock had a trading volume of 723,103 shares, compared to its average volume of 253,900. The business has a 50 day moving average price of $30.01 and a 200 day moving average price of $28.36. USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund has a 1 year low of $21.97 and a 1 year high of $31.95.
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.
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