USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE) Stock Short Interest Jumps 363.6%

USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 3,046 shares, an increase of 363.6% from the August 31st total of 657 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily volume of 1,331 shares, the short-interest ratio is presently 2.3 days.

USCF Energy Commodity Strategy Absolute Return Fund Stock Down 1.5%

Shares of USE stock traded down $0.57 on Friday, hitting $36.27. 481 shares of the stock were exchanged, compared to its average volume of 2,876. The business has a 50-day moving average of $33.61 and a 200 day moving average of $31.73. USCF Energy Commodity Strategy Absolute Return Fund has a fifty-two week low of $21.56 and a fifty-two week high of $37.72.

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.