USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE) Short Interest Update

USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,357 shares, a growth of 349.3% from the July 30th total of 302 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 903 shares, the days-to-cover ratio is presently 1.5 days.

USCF Energy Commodity Strategy Absolute Return Fund Price Performance

Shares of USCF Energy Commodity Strategy Absolute Return Fund stock remained flat at $32.78 during trading hours on Friday. The stock had a trading volume of 198 shares, compared to its average volume of 3,089. The business has a 50 day moving average price of $30.26 and a two-hundred day moving average price of $29.96. USCF Energy Commodity Strategy Absolute Return Fund has a 52-week low of $21.56 and a 52-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.