USCF Dividend Income Fund (NYSEARCA:UDI) Short Interest Update

USCF Dividend Income Fund (NYSEARCA:UDI) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 124 shares, a decline of 89.3% from the April 15th total of 1,155 shares. Based on an average daily volume of 6,143 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On USCF Dividend Income Fund

A number of large investors have recently made changes to their positions in UDI. Kestra Advisory Services LLC purchased a new position in shares of USCF Dividend Income Fund during the 4th quarter worth about $44,000. Walkner Condon Financial Advisors LLC bought a new stake in USCF Dividend Income Fund during the 4th quarter valued at about $231,000. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in USCF Dividend Income Fund by 7.7% during the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 48,863 shares of the company’s stock valued at $1,535,000 after buying an additional 3,486 shares in the last quarter.

USCF Dividend Income Fund Trading Down 0.4%

Shares of UDI stock traded down $0.15 during trading hours on Wednesday, reaching $34.15. 657 shares of the stock were exchanged, compared to its average volume of 3,980. USCF Dividend Income Fund has a 12-month low of $28.72 and a 12-month high of $34.94. The company’s 50-day moving average price is $34.08 and its 200-day moving average price is $33.04. The firm has a market capitalization of $7.51 million, a price-to-earnings ratio of 14.93 and a beta of 0.69.

USCF Dividend Income Fund Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 27th. Investors of record on Wednesday, March 25th were paid a dividend of $0.1214 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. This is a boost from USCF Dividend Income Fund’s previous monthly dividend of $0.02.

USCF Dividend Income Fund Company Profile

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.