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

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

USCF Gold Strategy Plus Income Fund Stock Performance

Shares of USG stock traded up $0.12 during trading hours on Thursday, reaching $35.18. The company had a trading volume of 239 shares, compared to its average volume of 6,011. USCF Gold Strategy Plus Income Fund has a twelve month low of $31.49 and a twelve month high of $44.18. The company has a market capitalization of $9.85 million, a P/E ratio of 25.66 and a beta of 0.14. The stock’s fifty day simple moving average is $33.02 and its 200 day simple moving average is $35.97.

USCF Gold Strategy Plus Income Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 18th were issued a $0.2501 dividend. The ex-dividend date was Thursday, June 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.8%. This is a boost from USCF Gold Strategy Plus Income Fund’s previous quarterly dividend of $0.19. USCF Gold Strategy Plus Income Fund’s dividend payout ratio (DPR) is currently 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.