Short Interest in USCF Dividend Income Fund (NYSEARCA:UDI) Expands By 61.9%

USCF Dividend Income Fund (NYSEARCA:UDI) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 136 shares, an increase of 61.9% from the June 30th total of 84 shares. Based on an average trading volume of 313 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On USCF Dividend Income Fund

Several institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new position in USCF Dividend Income Fund in the fourth quarter worth approximately $44,000. Envestnet Portfolio Solutions Inc. boosted its position in USCF Dividend Income Fund by 19.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 58,384 shares of the company’s stock valued at $1,883,000 after acquiring an additional 9,521 shares in the last quarter. Finally, Walkner Condon Financial Advisors LLC purchased a new position in shares of USCF Dividend Income Fund in the 4th quarter valued at $231,000.

USCF Dividend Income Fund Price Performance

NYSEARCA UDI traded up $0.03 during trading on Friday, reaching $36.91. 913 shares of the company’s stock traded hands, compared to its average volume of 2,939. The firm has a market cap of $3.32 million, a price-to-earnings ratio of 14.93 and a beta of 0.67. The company’s 50 day simple moving average is $35.84 and its two-hundred day simple moving average is $34.65. USCF Dividend Income Fund has a 12-month low of $29.59 and a 12-month high of $37.51.

USCF Dividend Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Monday, July 27th were paid a dividend of $0.133 per share. This is a boost from USCF Dividend Income Fund’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Monday, July 27th.

About USCF Dividend Income Fund

The USCF ESG Dividend Income Fund (UDI) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that primarily invests in US exchange-traded, dividend-paying companies that meet the funds financial and ESG criteria. UDI was launched on Jun 8, 2022 and is managed by USCF Advisers.