USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE) Short Interest Up 1,120.7% in June

USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 5,591 shares, a growth of 1,120.7% from the May 31st total of 458 shares. Currently, 7.0% of the company’s shares are short sold. Based on an average daily volume of 4,428 shares, the days-to-cover ratio is currently 1.3 days.

USCF Energy Commodity Strategy Absolute Return Fund Price Performance

USE stock traded down $0.95 during mid-day trading on Friday, reaching $26.00. 334 shares of the stock traded hands, compared to its average volume of 2,370. USCF Energy Commodity Strategy Absolute Return Fund has a 52-week low of $21.56 and a 52-week high of $35.69. The stock’s fifty day moving average is $31.78 and its 200-day moving average is $27.52.

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.