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

USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totaling 145 shares, a decrease of 82.7% from the April 30th total of 836 shares. Based on an average trading volume of 1,065 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the company’s stock are short sold.

USCF Energy Commodity Strategy Absolute Return Fund Stock Performance

Shares of NYSEARCA USE traded down $0.29 during trading on Friday, hitting $31.92. The stock had a trading volume of 473 shares, compared to its average volume of 2,309. USCF Energy Commodity Strategy Absolute Return Fund has a 12 month low of $21.56 and a 12 month high of $35.69. The firm has a fifty day moving average of $32.12 and a two-hundred day moving average of $26.66.

USCF Energy Commodity Strategy Absolute Return Fund Company Profile

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.