USCF has launched a new actively managed ETF called the USCF Energy Commodity Strategy Absolute Return Fund (USE US). The ETF seeks positive returns in all market environments by going long and short across energy commodities. The fund has been listed on NYSE Arca with an expense ratio of 0.79% and may invest in futures contracts on WTI crude oil, Henry Hub natural gas, NY Harbor ultra-low sulfur diesel, RBOB gasoline, Brent crude oil, and gasoil. Additionally, the fund may invest in futures contracts based on “clean energy” sources such as wind and solar power to a lesser degree. The ETF will enact long, short, or spread positions on the underlying commodities with the nature of the exposure determined by a proprietary quantitative methodology. According to USCF, its model harnesses technical signals on price and volume, fundamental signals on specific energy commodities, and general economic signals. John Love, President and CEO of USCF, expressed excitement about the launch, stating that after 17 years of managing commodity ETFs, USE US provides long, short, or spread exposure to the energy sector using their proprietary quantitative methodology.
USCF Launches Active Energy Commodity ETF