USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) Sees Large Decrease in Short Interest

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 140,709 shares, a decrease of 64.3% from the May 31st total of 394,586 shares. Based on an average daily volume of 195,395 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.7% of the shares of the stock are short sold.

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

SDCI stock traded up $0.29 during trading on Tuesday, hitting $26.42. 286,578 shares of the stock traded hands, compared to its average volume of 230,549. USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund has a one year low of $21.46 and a one year high of $29.36. The company has a 50 day simple moving average of $27.81 and a 200 day simple moving average of $25.64.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC acquired a new position in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the 1st quarter worth approximately $1,539,000. Creative Financial Designs Inc. ADV increased its holdings in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 40,442.9% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 22,704 shares of the company’s stock valued at $522,000 after purchasing an additional 22,648 shares in the last quarter. Nations Financial Group Inc. IA ADV bought a new position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the 1st quarter valued at $479,000. Midwest Professional Planners LTD. raised its position 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 purchasing an additional 16,083 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the third quarter worth $321,000.

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.