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

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

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

Shares of NYSEARCA SDCI opened at $26.11 on Friday. The stock has a fifty day simple moving average of $27.84 and a two-hundred day simple moving average of $25.60. USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund has a 1-year low of $21.46 and a 1-year high of $29.36.

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

Large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC bought a new stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the 1st quarter valued at about $1,539,000. Creative Financial Designs Inc. ADV boosted its position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 40,442.9% during the third quarter. Creative Financial Designs Inc. ADV now owns 22,704 shares of the company’s stock worth $522,000 after purchasing an additional 22,648 shares during the period. Nations Financial Group Inc. IA ADV purchased a new position in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the first quarter worth about $479,000. 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 worth $4,100,000 after purchasing an additional 16,083 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund in the third quarter valued at approximately $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.