USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE) Short Interest Up 215.9% in May

USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 458 shares, a growth of 215.9% from the May 14th total of 145 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 1,158 shares, the days-to-cover ratio is currently 0.4 days.

USCF Energy Commodity Strategy Absolute Return Fund Stock Down 4.4%

NYSEARCA:USE opened at $30.90 on Friday. USCF Energy Commodity Strategy Absolute Return Fund has a twelve month low of $21.56 and a twelve month high of $35.69. The stock’s 50 day moving average price is $32.44 and its two-hundred day moving average price is $27.21.

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.