USCF Gold Strategy Plus Income Fund (NYSEARCA:USG) Sees Significant Growth in Short Interest

USCF Gold Strategy Plus Income Fund (NYSEARCA:USG) saw a large growth in short interest during the month of 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 daily volume of 4,256 shares, the short-interest ratio is currently 1.6 days.

USCF Gold Strategy Plus Income Fund Stock Performance

Shares of USCF Gold Strategy Plus Income Fund stock traded up $0.67 during trading on Thursday, reaching $32.67. The company had a trading volume of 588 shares, compared to its average volume of 6,099. USCF Gold Strategy Plus Income Fund has a fifty-two week low of $31.49 and a fifty-two week high of $44.18. The firm’s fifty day moving average is $35.23 and its 200-day moving average is $37.39. The company has a market cap of $9.15 million, a price-to-earnings ratio of 23.85 and a beta of 0.14.

USCF Gold Strategy Plus Income Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were issued a $0.2501 dividend. This is an increase from USCF Gold Strategy Plus Income Fund’s previous quarterly dividend of $0.19. This represents a $1.00 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 18th. USCF Gold Strategy Plus Income Fund’s dividend payout ratio 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.