Short Interest in USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE) Decreases By 97.6%

USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 136 shares, a decrease of 97.6% from the June 15th total of 5,591 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 332 shares, the days-to-cover ratio is presently 0.4 days.

USCF Energy Commodity Strategy Absolute Return Fund Stock Up 0.1%

USCF Energy Commodity Strategy Absolute Return Fund stock traded up $0.03 during mid-day trading on Friday, reaching $27.02. The company’s stock had a trading volume of 143 shares, compared to its average volume of 2,214. The firm’s fifty day moving average price is $30.69 and its two-hundred day moving average price is $27.72. USCF Energy Commodity Strategy Absolute Return Fund has a 12-month low of $21.56 and a 12-month high of $35.69.

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.