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

USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USEGet Free Report) was the target of a significant 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 Stock Performance

Shares of NYSEARCA:USE traded up $0.14 on Wednesday, hitting $32.34. The company’s stock had a trading volume of 168 shares, compared to its average volume of 3,126. The company has a 50-day simple moving average of $30.08 and a 200 day simple moving average of $29.81. USCF Energy Commodity Strategy Absolute Return Fund has a 1 year low of $21.56 and a 1 year high of $35.69.

About USCF Energy Commodity Strategy Absolute Return Fund

(Get Free Report)

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.

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