Short Interest in USCF Gold Strategy Plus Income Fund (NYSEARCA:USG) Expands By 219.5%

USCF Gold Strategy Plus Income Fund (NYSEARCA:USG) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 10,934 shares, a growth of 219.5% from the July 30th total of 3,422 shares. Based on an average daily trading volume, of 2,568 shares, the short-interest ratio is currently 4.3 days. Approximately 3.9% of the company’s stock are short sold.

USCF Gold Strategy Plus Income Fund Trading Up 0.4%

NYSEARCA:USG traded up $0.12 on Thursday, reaching $35.18. The stock had a trading volume of 239 shares, compared to its average volume of 6,011. The company has a 50-day moving average of $33.02 and a 200 day moving average of $35.97. The stock has a market cap of $9.85 million, a P/E ratio of 25.66 and a beta of 0.14. USCF Gold Strategy Plus Income Fund has a 12-month low of $31.49 and a 12-month high of $44.18.

USCF Gold Strategy Plus Income Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were paid a $0.2501 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.8%. This is a positive change from USCF Gold Strategy Plus Income Fund’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, June 18th. USCF Gold Strategy Plus Income Fund’s 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.