USCF Gold Strategy Plus Income Fund (NYSEARCA:USG) Stock Short Interest Report for September

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

USCF Gold Strategy Plus Income Fund Price Performance

USG stock traded down $0.02 during trading on Tuesday, reaching $31.70. 119 shares of the stock traded hands, compared to its average volume of 5,474. The firm has a market capitalization of $9.51 million, a PE ratio of 23.14 and a beta of 0.15. The business’s 50 day moving average price is $33.30 and its 200-day moving average price is $34.31. USCF Gold Strategy Plus Income Fund has a 52-week low of $31.15 and a 52-week high of $44.18.

USCF Gold Strategy Plus Income Fund Cuts Dividend

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