USCF Gold Strategy Plus Income Fund (NYSEARCA:USG) Short Interest Update

USCF Gold Strategy Plus Income Fund (NYSEARCA:USG) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 6,782 shares, a growth of 91.0% from the May 31st total of 3,551 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average trading volume of 4,256 shares, the days-to-cover ratio is currently 1.6 days.

USCF Gold Strategy Plus Income Fund Stock Performance

USCF Gold Strategy Plus Income Fund stock remained flat at $32.67 during midday trading on Friday. 588 shares of the company’s stock traded hands, compared to its average volume of 6,099. USCF Gold Strategy Plus Income Fund has a one year low of $31.49 and a one year high of $44.18. The business’s 50 day moving average price is $35.14 and its 200-day moving average price is $37.32. The firm has a market cap of $9.15 million, a P/E ratio of 23.85 and a beta of 0.14.

USCF Gold Strategy Plus Income Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 18th were issued a $0.2501 dividend. The ex-dividend date was Thursday, June 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.1%. This is a boost from USCF Gold Strategy Plus Income Fund’s previous quarterly dividend of $0.19. USCF Gold Strategy Plus Income Fund’s dividend payout ratio (DPR) is 697.81%.

About USCF Gold Strategy Plus Income Fund

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.