USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) Short Interest Up 277.8% in October

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 364,600 shares, a growth of 277.8% from the September 30th total of 96,500 shares. Based on an average daily trading volume, of 94,600 shares, the days-to-cover ratio is presently 3.9 days. Currently, 3.2% of the company’s shares are sold short. Currently, 3.2% of the company’s shares are sold short. Based on an average daily trading volume, of 94,600 shares, the days-to-cover ratio is presently 3.9 days.

USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund Trading Down 0.8%

NYSEARCA:SDCI opened at $22.95 on Wednesday. The company has a fifty day moving average of $22.79 and a 200 day moving average of $21.88. USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund has a 52 week low of $18.96 and a 52 week high of $23.49.

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

An institutional investor recently bought a new position in USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund stock. Rosenberg Matthew Hamilton purchased a new stake in shares of USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSEARCA:SDCI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,210 shares of the company’s stock, valued at approximately $26,000.

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.