USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI – Get Free Report) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 49,177 shares, a decrease of 90.1% from the August 31st total of 495,372 shares. Based on an average daily trading volume, of 419,332 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s shares are short sold.
Hedge Funds Weigh In On USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund
Hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC raised its position in 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 purchasing an additional 10,000 shares during the last quarter. Ares Financial Consulting LLC lifted its holdings in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 538.8% during the 2nd quarter. Ares Financial Consulting LLC now owns 4,152 shares of the company’s stock worth $110,000 after buying an additional 3,502 shares during the period. Allied Private Wealth LLC bought a new stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the 2nd quarter valued at about $778,000. EverSource Wealth Advisors LLC bought a new stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the 1st quarter valued at about $1,539,000. Finally, Midwest Professional Planners LTD. increased its stake in shares of 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 buying an additional 16,083 shares during the period.
USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund Stock Down 1.2%
NYSEARCA SDCI traded down $0.37 during trading hours on Friday, reaching $31.21. The company’s stock had a trading volume of 130,167 shares, compared to its average volume of 253,096. The firm has a fifty day simple moving average of $30.01 and a 200-day simple moving average of $28.36. USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund has a 52 week low of $21.97 and a 52 week high of $31.95.
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.
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