USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 400 shares, an increase of 300.0% from the September 30th total of 100 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 400 shares, the short-interest ratio is presently 1.0 days. Based on an average daily trading volume, of 400 shares, the short-interest ratio is presently 1.0 days. Approximately 0.4% of the company’s stock are sold short.
USCF Energy Commodity Strategy Absolute Return Fund Trading Down 1.4%
Shares of USE stock opened at $25.50 on Wednesday. USCF Energy Commodity Strategy Absolute Return Fund has a 1-year low of $23.44 and a 1-year high of $39.49. The stock’s fifty day simple moving average is $28.34 and its 200-day simple moving average is $27.26.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in USCF Energy Commodity Strategy Absolute Return Fund stock. Flow Traders U.S. LLC acquired a new position in shares of USCF Energy Commodity Strategy Absolute Return Fund (NYSEARCA:USE – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 25,834 shares of the company’s stock, valued at approximately $700,000. Flow Traders U.S. LLC owned approximately 25.83% of USCF Energy Commodity Strategy Absolute Return Fund at the end of the most recent quarter.
USCF Energy Commodity Strategy Absolute Return Fund Company Profile
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.
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