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

Shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) reached a new 52-week high during trading on Monday. The stock traded as high as $31.97 and last traded at $31.96, with a volume of 93,325 shares changing hands. The stock had previously closed at $31.73.

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund Trading Up 0.3%

The stock’s fifty day moving average price is $30.86 and its two-hundred day moving average price is $28.90.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Prism Advisors Inc. bought a new stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the third quarter worth $9,823,000. NewEdge Advisors LLC boosted its holdings in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 200.0% in the 2nd quarter. NewEdge Advisors LLC now owns 15,000 shares of the company’s stock valued at $397,000 after purchasing an additional 10,000 shares in the last quarter. Ares Financial Consulting LLC boosted its holdings in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 538.8% in the 2nd quarter. Ares Financial Consulting LLC now owns 4,152 shares of the company’s stock valued at $110,000 after purchasing an additional 3,502 shares in the last quarter. Allied Private Wealth LLC acquired a new stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the 2nd quarter valued at $778,000. Finally, EverSource Wealth Advisors LLC bought a new position in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the 1st quarter valued at $1,539,000.

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund Company Profile

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.