USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE) Stock Short Interest Declines 90.0%

USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 227 shares, a decrease of 90.0% from the September 30th total of 2,261 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 13,662 shares, the days-to-cover ratio is presently 0.0 days.

USCF Energy Commodity Strategy Absolute Return Fund Price Performance

USE traded down $0.50 on Monday, hitting $39.27. 519 shares of the company were exchanged, compared to its average volume of 3,332. The firm has a fifty day simple moving average of $35.75 and a two-hundred day simple moving average of $32.71. USCF Energy Commodity Strategy Absolute Return Fund has a 12 month low of $21.56 and a 12 month high of $39.77.

About USCF Energy Commodity Strategy Absolute Return Fund

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.