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 increase in short interest in May. As of May 29th, there was short interest totaling 458 shares, an increase of 215.9% from the May 14th total of 145 shares. Based on an average daily volume of 1,158 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.6% of the company’s stock are sold short.

USCF Energy Commodity Strategy Absolute Return Fund Stock Performance

Shares of NYSEARCA USE opened at $30.32 on Friday. The business has a 50 day moving average price of $32.44 and a two-hundred day moving average price of $27.23. USCF Energy Commodity Strategy Absolute Return Fund has a fifty-two week low of $21.56 and a fifty-two week high of $35.69.

About USCF Energy Commodity Strategy Absolute Return Fund

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.