Short Interest in USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE) Expands By 349.3%

USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,357 shares, an increase of 349.3% from the July 30th total of 302 shares. Based on an average trading volume of 903 shares, the short-interest ratio is currently 1.5 days. Approximately 0.7% of the company’s shares are short sold.

USCF Energy Commodity Strategy Absolute Return Fund Price Performance

USCF Energy Commodity Strategy Absolute Return Fund stock traded up $0.14 during trading hours on Wednesday, reaching $32.34. The company had a trading volume of 168 shares, compared to its average volume of 3,126. USCF Energy Commodity Strategy Absolute Return Fund has a 12-month low of $21.56 and a 12-month high of $35.69. The company has a 50-day moving average price of $30.08 and a 200 day moving average price of $29.81.

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.