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

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

USCF Energy Commodity Strategy Absolute Return Fund Stock Performance

Shares of USE traded up $0.03 during trading hours on Friday, hitting $27.02. The stock had a trading volume of 143 shares, compared to its average volume of 2,214. USCF Energy Commodity Strategy Absolute Return Fund has a 12 month low of $21.56 and a 12 month high of $35.69. The stock has a fifty day moving average price of $30.69 and a 200 day moving average price of $27.72.

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.