USCF Gold Strategy Plus Income Fund (NYSEARCA:USG) Shares Shorted: Short Interest Down 70.0% in September

USCF Gold Strategy Plus Income Fund (NYSEARCA:USG) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 3,089 shares, a decrease of 70.0% from the September 15th total of 10,285 shares. Based on an average daily volume of 601 shares, the days-to-cover ratio is currently 5.1 days. Approximately 1.0% of the company’s stock are short sold.

USCF Gold Strategy Plus Income Fund Stock Performance

Shares of USG stock opened at $31.70 on Wednesday. The company has a market capitalization of $9.51 million, a price-to-earnings ratio of 23.14 and a beta of 0.15. USCF Gold Strategy Plus Income Fund has a one year low of $31.15 and a one year high of $44.18. The company’s 50-day moving average is $33.30 and its 200 day moving average is $34.31.

USCF Gold Strategy Plus Income Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Monday, September 21st were issued a $0.1711 dividend. This represents a $0.68 annualized dividend and a yield of 2.2%. This is a drop from USCF Gold Strategy Plus Income Fund’s previous quarterly dividend of $0.2501. The ex-dividend date of this dividend was Monday, September 21st. USCF Gold Strategy Plus Income Fund’s dividend payout ratio is presently 694.89%.

About USCF Gold Strategy Plus Income Fund

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.