USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) Hits New 52-Week High – Still a Buy?

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) shares hit a new 52-week high on Thursday . The company 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 Trading Down 0.4%

The company’s 50-day simple moving average is $29.94 and its 200-day simple moving average is $28.32.

Institutional Investors Weigh In On USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Midwest Professional Planners LTD. grew its holdings in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 12.0% during the first quarter. Midwest Professional Planners LTD. now owns 150,516 shares of the company’s stock worth $4,100,000 after purchasing an additional 16,083 shares during the period. EverSource Wealth Advisors LLC bought a new stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the first quarter valued at approximately $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 approximately $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 first quarter valued at approximately $479,000. Finally, NewEdge Advisors LLC boosted its stake 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 acquiring an additional 10,000 shares during the period.

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.