USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE) Sees Large Increase in Short Interest

USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE – Get Free Report) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 458 shares, a growth of 215.9% from the May 14th total of 145 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 1,158 shares, the short-interest ratio is currently 0.4 days.

USCF Energy Commodity Strategy Absolute Return Fund Trading Down 1.9%

NYSEARCA USE traded down $0.58 on Friday, reaching $30.32. 114 shares of the company’s stock traded hands, compared to its average volume of 2,519. The stock has a 50 day moving average price of $32.44 and a 200-day moving average price of $27.23. USCF Energy Commodity Strategy Absolute Return Fund has a fifty-two week low of $21.56 and a fifty-two week high of $35.69.

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About USCF Energy Commodity Strategy Absolute Return Fund

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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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