USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) Sees Large Volume Increase – Here’s Why

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI – Get Free Report) shares saw an uptick in trading volume on Friday. Approximately 475,887 shares changed hands during mid-day trading, an increase of 89% from the previous session’s volume of 252,392 shares. The stock last traded at $30.9150 and had previously closed at $31.39.

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund Trading Down 1.6%

The company has a fifty day simple moving average of $30.24 and a two-hundred day simple moving average of $28.54.

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

Hedge funds have recently made changes to their positions in the stock. Ares Financial Consulting LLC increased its position in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund by 538.8% during the second 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 during the period. NewEdge Advisors LLC acquired a new stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the 1st quarter worth $136,000. Nations Financial Group Inc. IA ADV bought a new stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the first quarter worth about $479,000. Allied Private Wealth LLC acquired a new stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the 2nd quarter worth approximately $778,000. Finally, EverSource Wealth Advisors LLC acquired a new stake in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund during the first quarter worth about $1,539,000.

About USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund

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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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