USCF Aluminum Strategy Fund (ALUM)
- Previous Close
32.91 - Open
33.35 - Bid 31.19 x 1000
- Ask 37.28 x 800
- Day's Range
33.35 - 33.38 - 52 Week Range
31.07 - 33.38 - Volume
1,541 - Avg. Volume
712 - Net Assets 1.54M
- NAV 32.88
- PE Ratio (TTM) --
- Yield --
- YTD Daily Total Return 4.78%
- Beta (5Y Monthly) 0.00
- Expense Ratio (net) 0.65%
The fund is an actively managed exchange-traded fund (“ETF”). The fund seeks to achieve its investment objective by using a proprietary methodology that seeks to provide exposure to the price of aluminum through aluminum-based derivatives investments. The fund will primarily invest in aluminum futures, however, in order to gain the desired economic exposure, the fund may also invest in cash settled options, forward contracts, options on futures contracts, and other options. The fund is non-diversified.
USCF Investments
Fund Family
Commodities Focused
Fund Category
1.54M
Net Assets
2023-10-05
Inception Date
Performance Overview: ALUM
View MoreTrailing returns as of 9/26/2024. Category is Commodities Focused.
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Research Reports: ALUM
View MoreNewmont: We Extend Coverage to Its Australian-Listed CDIs; Shares Undervalued
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 7.3 million ounces of gold in 2023 pro forma for Newcrest on an annualized basis. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts from its various gold mines. It had about two decades of gold reserves along with significant byproduct reserves after acquiring Newcrest.
RatingPrice TargetWhat does Argus have to say about AEM?
AGNICO EAGLE MINES LTD has an Investment Rating of SELL; a target price of $41.000000; an Industry Subrating of Medium; a Management Subrating of Low; a Safety Subrating of Medium; a Financial Strength Subrating of Low; a Growth Subrating of Low; and a Value Subrating of Low.
RatingPrice TargetCorporate Action: Vote in Favor of Newmont’s Purchase of Newcrest via Scheme of Arrangement
Newmont is the world's largest gold miner, producing about 6 million attributable ounces of gold in 2022, good for about 5% of global mined output. The company also produced 1.3 million attributable gold equivalent ounces from the sale of byproducts, including copper, silver, zinc, and lead in 2022. It had about two decades of gold reserves along with significant byproduct reserves at end 2022. After buying Goldcorp in 2019 and combining its Nevada mines in a joint venture with competitor Barrick later that year, Newmont’s portfolio includes 12 wholly owned mines and interests in two joint ventures in the Americas, Africa, and Australia.
RatingPrice TargetWhat does Argus have to say about AEM?
AGNICO EAGLE MINES LTD has an Investment Rating of SELL; a target price of $41.000000; an Industry Subrating of Medium; a Management Subrating of Low; a Safety Subrating of Medium; a Financial Strength Subrating of Low; a Growth Subrating of Low; and a Value Subrating of Low.
RatingPrice Target