Short Interest in USCF Gold Strategy Plus Income Fund (NYSEARCA:USG) Increases By 219.5%

USCF Gold Strategy Plus Income Fund (NYSEARCA:USG) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 10,934 shares, a growth of 219.5% from the July 30th total of 3,422 shares. Based on an average daily trading volume, of 2,568 shares, the days-to-cover ratio is presently 4.3 days. Currently, 3.9% of the company’s stock are sold short.

USCF Gold Strategy Plus Income Fund Stock Down 3.0%

Shares of USG stock traded down $1.07 on Friday, hitting $34.06. The stock had a trading volume of 3,298 shares, compared to its average volume of 5,996. USCF Gold Strategy Plus Income Fund has a one year low of $31.49 and a one year high of $44.18. The business has a 50 day moving average price of $33.07 and a 200 day moving average price of $35.93. The company has a market cap of $9.54 million, a PE ratio of 24.86 and a beta of 0.14.

USCF Gold Strategy Plus Income Fund Increases Dividend

The firm 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 annualized dividend and a dividend yield of 2.9%. This is an increase 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 presently 697.81%.

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.