USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) Short Interest Down 89.2% in June

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 15,251 shares, a decrease of 89.2% from the June 15th total of 140,709 shares. Based on an average trading volume of 497,512 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the company’s shares are sold short.

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund Price Performance

SDCI stock traded down $0.14 during midday trading on Friday, reaching $27.36. The stock had a trading volume of 784,435 shares, compared to its average volume of 239,957. The business has a fifty day simple moving average of $27.67 and a two-hundred day simple moving average of $25.85. USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund has a twelve month low of $21.50 and a twelve month high of $29.36.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC bought a new stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the first quarter worth approximately $1,539,000. Allied Private Wealth LLC bought a new position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the second quarter valued at approximately $778,000. Nations Financial Group Inc. IA ADV bought a new position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the first quarter valued at approximately $479,000. Midwest Professional Planners LTD. boosted its stake 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 valued at $4,100,000 after acquiring an additional 16,083 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the 3rd 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.