USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE) Sees Large Decrease in Short Interest

USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 145 shares, a decrease of 82.7% from the April 30th total of 836 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 1,065 shares, the days-to-cover ratio is presently 0.1 days.

USCF Energy Commodity Strategy Absolute Return Fund Stock Down 2.5%

NYSEARCA USE opened at $31.90 on Thursday. USCF Energy Commodity Strategy Absolute Return Fund has a 52 week low of $21.56 and a 52 week high of $35.69. The firm’s 50-day simple moving average is $32.08 and its two-hundred day simple moving average is $26.57.

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.