USCF Gold Strategy Plus Income Fund (NYSEARCA:USG – Get Free Report) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 10,285 shares, an increase of 92.2% from the August 31st total of 5,350 shares. Based on an average daily trading volume, of 3,518 shares, the days-to-cover ratio is currently 2.9 days. Currently, 4.1% of the shares of the stock are short sold.
USCF Gold Strategy Plus Income Fund Price Performance
USCF Gold Strategy Plus Income Fund stock opened at $31.51 on Tuesday. The stock has a market cap of $9.45 million, a P/E ratio of 23.00 and a beta of 0.14. USCF Gold Strategy Plus Income Fund has a 1 year low of $31.38 and a 1 year high of $44.18. The firm’s 50 day moving average price is $33.45 and its 200-day moving average price is $34.81.
USCF Gold Strategy Plus Income Fund Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Monday, September 21st were paid a dividend of $0.1711 per share. The ex-dividend date of this dividend was Monday, September 21st. This is a negative change from USCF Gold Strategy Plus Income Fund’s previous quarterly dividend of $0.2501. This represents a $0.68 annualized dividend and a yield of 2.2%. USCF Gold Strategy Plus Income Fund’s dividend payout ratio is 694.89%.
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.
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