USCF Midstream Energy Income Fund (NYSEARCA:UMI) Sees Significant Growth in Short Interest

USCF Midstream Energy Income Fund (NYSEARCA:UMI) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 43,585 shares, an increase of 844.4% from the April 30th total of 4,615 shares. Based on an average daily trading volume, of 19,829 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.5% of the company’s shares are short sold.

USCF Midstream Energy Income Fund Stock Down 1.7%

UMI traded down $0.98 during trading on Friday, hitting $57.67. The company’s stock had a trading volume of 17,022 shares, compared to its average volume of 40,230. USCF Midstream Energy Income Fund has a twelve month low of $47.74 and a twelve month high of $62.54. The stock’s fifty day moving average price is $58.59 and its 200-day moving average price is $54.47. The firm has a market capitalization of $465.40 million, a P/E ratio of 18.78 and a beta of 0.58.

USCF Midstream Energy Income Fund Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Friday, May 22nd were given a dividend of $0.4761 per share. The ex-dividend date of this dividend was Friday, May 22nd. This is a positive change from USCF Midstream Energy Income Fund’s previous monthly dividend of $0.18. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%.

Hedge Funds Weigh In On USCF Midstream Energy Income Fund

A hedge fund recently bought a new stake in USCF Midstream Energy Income Fund stock. Mosaic Family Wealth Partners LLC bought a new position in shares of USCF Midstream Energy Income Fund (NYSEARCA:UMI) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 17,717 shares of the company’s stock, valued at approximately $1,038,000. Mosaic Family Wealth Partners LLC owned 0.22% of USCF Midstream Energy Income Fund as of its most recent SEC filing.

About USCF Midstream Energy Income Fund

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.