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

USCF Gold Strategy Plus Income Fund (NYSEARCA:USG) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 6,782 shares, a growth of 91.0% from the May 31st total of 3,551 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average daily volume of 4,256 shares, the days-to-cover ratio is presently 1.6 days.

USCF Gold Strategy Plus Income Fund Stock Up 0.9%

Shares of NYSEARCA USG traded up $0.30 during midday trading on Wednesday, hitting $32.18. The company had a trading volume of 764 shares, compared to its average volume of 6,144. The firm has a market capitalization of $11.26 million, a price-to-earnings ratio of 23.50 and a beta of 0.11. USCF Gold Strategy Plus Income Fund has a twelve month low of $31.49 and a twelve month high of $44.18. The business has a 50-day simple moving average of $35.36 and a two-hundred day simple moving average of $37.47.

USCF Gold Strategy Plus Income Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 18th were given a dividend of $0.2501 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Thursday, June 18th. This is a positive change from USCF Gold Strategy Plus Income Fund’s previous quarterly dividend of $0.19. USCF Gold Strategy Plus Income Fund’s payout ratio is 697.81%.

USCF Gold Strategy Plus Income Fund Company Profile

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.