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

USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 302 shares, an increase of 122.1% from the July 15th total of 136 shares. Based on an average daily volume of 16,999 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.2% of the shares of the stock are sold short.

USCF Energy Commodity Strategy Absolute Return Fund Stock Performance

USCF Energy Commodity Strategy Absolute Return Fund stock traded up $0.31 during trading on Friday, reaching $32.29. 685 shares of the company were exchanged, compared to its average volume of 3,239. USCF Energy Commodity Strategy Absolute Return Fund has a 52-week low of $21.56 and a 52-week high of $35.69. The stock’s 50 day simple moving average is $29.74 and its two-hundred day simple moving average is $29.22.

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.