USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE) Stock Short Interest Drops 90.0%

USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 227 shares, a decline of 90.0% from the September 30th total of 2,261 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 13,662 shares, the short-interest ratio is presently 0.0 days.

USCF Energy Commodity Strategy Absolute Return Fund Stock Down 1.3%

USCF Energy Commodity Strategy Absolute Return Fund stock opened at $39.27 on Tuesday. USCF Energy Commodity Strategy Absolute Return Fund has a twelve month low of $21.56 and a twelve month high of $39.77. The stock’s fifty day simple moving average is $35.70 and its 200-day simple moving average is $30.45.

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.