USCF Gold Strategy Plus Income Fund (NYSEARCA:USG) Stock Short Interest Climbs 92.2%

USCF Gold Strategy Plus Income Fund (NYSEARCA:USG) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 10,285 shares, an increase of 92.2% from the August 31st total of 5,350 shares. Approximately 4.1% of the shares of the stock are short sold. Based on an average trading volume of 3,518 shares, the short-interest ratio is presently 2.9 days.

USCF Gold Strategy Plus Income Fund Price Performance

Shares of NYSEARCA:USG traded down $0.14 during trading on Wednesday, hitting $31.67. 506 shares of the company’s stock were exchanged, compared to its average volume of 5,512. USCF Gold Strategy Plus Income Fund has a 52-week low of $31.38 and a 52-week high of $44.18. The business’s 50-day simple moving average is $33.43 and its 200 day simple moving average is $34.74. The company has a market cap of $9.50 million, a price-to-earnings ratio of 23.12 and a beta of 0.14.

USCF Gold Strategy Plus Income Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Monday, September 21st were issued a $0.1711 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.2%. This is a drop from USCF Gold Strategy Plus Income Fund’s previous quarterly dividend of $0.2501. The ex-dividend date of this dividend was Monday, September 21st. USCF Gold Strategy Plus Income Fund’s payout ratio is 694.89%.

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.