USCF Gold Strategy Plus Income Fund (NYSEARCA:USG) Sees Large Increase in Short Interest

USCF Gold Strategy Plus Income Fund (NYSEARCA:USG) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 6,782 shares, a growth of 91.0% from the May 31st total of 3,551 shares. Currently, 1.9% of the shares of the company are short sold. Based on an average trading volume of 4,256 shares, the days-to-cover ratio is currently 1.6 days.

USCF Gold Strategy Plus Income Fund Trading Up 0.9%

USG stock traded up $0.30 on Wednesday, hitting $32.18. The company’s stock had a trading volume of 764 shares, compared to its average volume of 6,144. The firm has a 50 day moving average of $35.36 and a two-hundred day moving average of $37.47. USCF Gold Strategy Plus Income Fund has a 1 year low of $31.49 and a 1 year high of $44.18. The stock has a market cap of $11.26 million, a price-to-earnings ratio of 23.50 and a beta of 0.11.

USCF Gold Strategy Plus Income Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were issued a dividend of $0.2501 per share. This is an increase from USCF Gold Strategy Plus Income Fund’s previous quarterly dividend of $0.19. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 18th. USCF Gold Strategy Plus Income Fund’s dividend payout ratio is 697.81%.

About USCF Gold Strategy Plus Income Fund

The USCF Gold Strategy Plus Income Fund ETF (USG) is an exchange-traded fund that mostly invests in gold commodities. The fund is actively managed, aiming to provide gold exposure while generating income through a gold covered call writing strategy and collateral interest income. USG was launched on Nov 3, 2021 and is issued by Marygold.