USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) Short Interest Update

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 495,372 shares, an increase of 1,394.2% from the August 15th total of 33,153 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average daily volume of 367,190 shares, the days-to-cover ratio is presently 1.3 days.

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund Stock Up 1.1%

Shares of SDCI stock traded up $0.34 during trading hours on Thursday, reaching $31.90. The company had a trading volume of 531,228 shares, compared to its average volume of 249,382. USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund has a 12 month low of $21.97 and a 12 month high of $31.90. The business has a fifty day simple moving average of $29.22 and a 200-day simple moving average of $27.87.

Hedge Funds 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 company. Flow Traders U.S. LLC bought a new stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the 3rd quarter worth $321,000. Creative Financial Designs Inc. ADV grew its position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 13.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 25,683 shares of the company’s stock worth $566,000 after purchasing an additional 2,979 shares in the last quarter. Principia Wealth Advisory LLC increased its stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 86.9% in the 4th quarter. Principia Wealth Advisory LLC now owns 4,560 shares of the company’s stock valued at $100,000 after buying an additional 2,120 shares during the last quarter. Nations Financial Group Inc. IA ADV purchased a new stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the 1st quarter valued at about $479,000. Finally, Midwest Professional Planners LTD. increased its stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 12.0% in the 1st quarter. Midwest Professional Planners LTD. now owns 150,516 shares of the company’s stock valued at $4,100,000 after buying an additional 16,083 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.