USCF Gold Strategy Plus Income Fund (NYSEARCA:USG) Short Interest Update

USCF Gold Strategy Plus Income Fund (NYSEARCA:USG) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 10,285 shares, a growth of 92.2% from the August 31st total of 5,350 shares. Based on an average daily volume of 3,518 shares, the days-to-cover ratio is presently 2.9 days. Approximately 4.1% of the shares of the stock are sold short.

USCF Gold Strategy Plus Income Fund Trading Down 3.4%

NYSEARCA:USG opened at $31.51 on Tuesday. The business’s 50-day moving average is $33.45 and its 200 day moving average is $34.81. USCF Gold Strategy Plus Income Fund has a 12 month low of $31.38 and a 12 month high of $44.18. The company has a market capitalization of $9.45 million, a P/E ratio of 23.00 and a beta of 0.14.

USCF Gold Strategy Plus Income Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Monday, September 21st were paid a $0.1711 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, September 21st. This is a negative change from USCF Gold Strategy Plus Income Fund’s previous quarterly dividend of $0.2501. USCF Gold Strategy Plus Income Fund’s dividend payout ratio is presently 694.89%.

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.