Short Interest in USCF Gold Strategy Plus Income Fund (NYSEARCA:USG) Declines By 51.1%

USCF Gold Strategy Plus Income Fund (NYSEARCA:USG) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 5,350 shares, a decline of 51.1% from the August 15th total of 10,934 shares. Based on an average daily trading volume, of 1,848 shares, the short-interest ratio is presently 2.9 days. Approximately 1.9% of the shares of the stock are short sold.

USCF Gold Strategy Plus Income Fund Stock Up 0.3%

Shares of USCF Gold Strategy Plus Income Fund stock traded up $0.11 during mid-day trading on Tuesday, reaching $32.84. 6,369 shares of the stock traded hands, compared to its average volume of 5,823. The business has a 50-day moving average of $33.33 and a 200 day moving average of $35.40. The stock has a market capitalization of $9.20 million, a PE ratio of 23.97 and a beta of 0.14. USCF Gold Strategy Plus Income Fund has a fifty-two week low of $31.49 and a fifty-two week high of $44.18.

USCF Gold Strategy Plus Income Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 18th were given a dividend of $0.2501 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, June 18th. This is a positive change from USCF Gold Strategy Plus Income Fund’s previous quarterly dividend of $0.19. 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.