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

USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE) saw a large increase in short interest in 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 daily trading volume, of 903 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.7% of the shares of the stock are sold short.

USCF Energy Commodity Strategy Absolute Return Fund Price Performance

Shares of USCF Energy Commodity Strategy Absolute Return Fund stock traded up $0.46 during trading on Thursday, hitting $32.77. 91 shares of the company’s stock traded hands, compared to its average volume of 3,107. The firm’s fifty day moving average price is $30.17 and its 200 day moving average price is $29.88. USCF Energy Commodity Strategy Absolute Return Fund has a twelve month low of $21.56 and a twelve month high of $35.69.

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.