USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE) Sees Large Decrease in Short Interest

USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 145 shares, a decline of 82.7% from the April 30th total of 836 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 1,065 shares, the days-to-cover ratio is currently 0.1 days.

USCF Energy Commodity Strategy Absolute Return Fund Price Performance

Shares of NYSEARCA:USE opened at $31.90 on Thursday. The company’s 50-day moving average is $32.08 and its 200 day moving average is $26.57. USCF Energy Commodity Strategy Absolute Return Fund has a fifty-two week low of $21.56 and a fifty-two week high of $35.69.

USCF Energy Commodity Strategy Absolute Return Fund Company Profile

The USCF Energy Commodity Strategy Absolute Return Fund (USE) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund that provides exposure to oil, petroleum, and natural gas through long, short, or spread positions in energy-related derivatives and other commodity-linked investments. USE was launched on May 4, 2023 and is managed by Marygold.