COM - USCF unveils an actively managed commodity strategy ETF

2023-05-04 12:48:02 ET

USCF unveiled its latest commodity focused exchange traded fund on Thursday morning in the form of the USCF Energy Commodity Strategy Absolute Return Fund ( NYSEARCA: USE ).

USE is an actively managed ETF that aims to invest in energy-related derivative instruments such as oil, petroleum, natural gas, as well as other energy-related derivative instruments.

Regarding the debut, John Love, President and CEO of USCF stated: “USE provides long, short, or spread exposure to the energy sector using our proprietary quantitative methodology."

Moreover, USE will trade alongside USCF’s 13 other commodity centric ETFs and ETPs and come with a total annual operating expense ratio of 0.79%.

The fund comes to market as prices of crude ( CL1:COM ) slumped 10% from its May high and prices of natural gas ( NG1:COM ) have dropped 12% from its current month high.

Listed below are some other USCF focused commodities funds including their 2023 returns:

• United States Commodity Index Fund, LP ETF ( USCI ) -5.4% .
• United States Oil Fund, LP ETF ( USO ) -10.3% .
• United States Brent Oil Fund, LP ETF ( BNO ) -10.4% .
• United States Natural Gas Fund, LP ETF ( UNG ) -51.4% .
• United States Gasoline Fund, LP ETF ( UGA ) -5.5% .

More on the Commodities Front:

Energy focused ETFs falter as oil drops 5%

Energy stocks crushed along with crude oil as economic outlook sours

Gold: U.S. Debt Surpasses $31 Trillion

SLV: Buy The Next Dip Amidst Economic Uncertainty

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