USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE) Short Interest Update

USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 657 shares, a drop of 51.6% from the August 15th total of 1,357 shares. Based on an average daily volume of 491 shares, the short-interest ratio is currently 1.3 days. Currently, 0.3% of the shares of the company are short sold.

USCF Energy Commodity Strategy Absolute Return Fund Price Performance

Shares of NYSEARCA:USE traded up $1.07 on Tuesday, reaching $37.95. The company’s stock had a trading volume of 329 shares, compared to its average volume of 2,952. USCF Energy Commodity Strategy Absolute Return Fund has a 52-week low of $21.56 and a 52-week high of $37.49. The stock’s 50-day moving average is $32.32 and its two-hundred day moving average is $31.04.

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.