USCF Gold Strategy Plus Income Fund (NYSEARCA:USG) Sees Significant Decline in Short Interest

USCF Gold Strategy Plus Income Fund (NYSEARCA:USG) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 3,089 shares, a decrease of 70.0% from the September 15th total of 10,285 shares. Based on an average trading volume of 601 shares, the days-to-cover ratio is presently 5.1 days. Currently, 1.0% of the company’s shares are sold short.

USCF Gold Strategy Plus Income Fund Trading Down 0.7%

USCF Gold Strategy Plus Income Fund stock traded down $0.21 during mid-day trading on Monday, hitting $31.70. The stock had a trading volume of 6,800 shares, compared to its average volume of 5,528. The stock has a 50-day simple moving average of $33.32 and a two-hundred day simple moving average of $34.36. The stock has a market capitalization of $9.51 million, a PE ratio of 23.14 and a beta of 0.15. USCF Gold Strategy Plus Income Fund has a 12 month low of $31.15 and a 12 month high of $44.18.

USCF Gold Strategy Plus Income Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Monday, September 21st were given a dividend of $0.1711 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, September 21st. This is a drop from USCF Gold Strategy Plus Income Fund’s previous quarterly dividend of $0.2501. USCF Gold Strategy Plus Income Fund’s dividend payout ratio is currently 694.89%.

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.