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

USCF Gold Strategy Plus Income Fund (NYSEARCA:USG) saw a large decline in short interest in 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 company’s shares are short sold.

USCF Gold Strategy Plus Income Fund Stock Down 0.6%

Shares of USG stock traded down $0.21 on Wednesday, reaching $32.61. 1,107 shares of the stock were exchanged, compared to its average volume of 5,796. The stock has a market cap of $9.13 million, a P/E ratio of 23.80 and a beta of 0.14. The firm has a 50 day moving average of $33.33 and a two-hundred day moving average of $35.34. USCF Gold Strategy Plus Income Fund has a 1-year low of $31.49 and a 1-year high of $44.18.

About USCF Gold Strategy Plus Income Fund

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.