Short Interest in USCF Midstream Energy Income Fund (NYSEARCA:UMI) Declines By 70.7%

USCF Midstream Energy Income Fund (NYSEARCA:UMI) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 15,272 shares, a decrease of 70.7% from the June 15th total of 52,175 shares. Based on an average daily volume of 17,573 shares, the short-interest ratio is presently 0.9 days. Currently, 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On USCF Midstream Energy Income Fund

A hedge fund recently bought a new position in USCF Midstream Energy Income Fund stock. Flow Traders U.S. LLC purchased a new stake in USCF Midstream Energy Income Fund (NYSEARCA:UMI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,734 shares of the company’s stock, valued at approximately $243,000. Flow Traders U.S. LLC owned approximately 0.06% of USCF Midstream Energy Income Fund at the end of the most recent reporting period.

USCF Midstream Energy Income Fund Stock Up 0.6%

UMI traded up $0.35 during midday trading on Tuesday, reaching $61.20. 10,622 shares of the company’s stock were exchanged, compared to its average volume of 34,886. The firm has a market capitalization of $509.18 million, a price-to-earnings ratio of 18.78 and a beta of 0.56. USCF Midstream Energy Income Fund has a one year low of $47.74 and a one year high of $62.54. The business has a 50-day simple moving average of $59.39 and a two-hundred day simple moving average of $56.45.

USCF Midstream Energy Income Fund Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, June 26th. Stockholders of record on Wednesday, June 24th were issued a $0.0661 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%.

USCF Midstream Energy Income Fund Company Profile

The USCF Midstream Energy Income Fund (UMI) is an exchange-traded fund that mostly invests in energy equity. The fund holds an actively-managed portfolio of midstream energy infrastructure companies. The fund is income-focused and uses a fundamental approach that integrates ESG research. UMI was launched on Mar 24, 2021 and is managed by USCF Advisers.