USCF Midstream Energy Income Fund (NYSEARCA:UMI) Sees Large Decrease in Short Interest

USCF Midstream Energy Income Fund (NYSEARCA:UMIGet Free Report) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 15,272 shares, a decline of 70.7% from the June 15th total of 52,175 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 17,573 shares, the short-interest ratio is presently 0.9 days.

USCF Midstream Energy Income Fund Stock Performance

Shares of NYSEARCA:UMI traded down $0.35 during trading on Friday, reaching $59.77. 19,077 shares of the stock were exchanged, compared to its average volume of 35,298. The firm’s 50-day moving average price is $59.38 and its 200 day moving average price is $56.37. The firm has a market cap of $493.70 million, a price-to-earnings ratio of 18.78 and a beta of 0.56. USCF Midstream Energy Income Fund has a 12-month low of $47.74 and a 12-month high of $62.54.

USCF Midstream Energy Income Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, June 26th. Shareholders of record on Wednesday, June 24th were given a dividend of $0.0661 per share. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, June 24th.

Institutional Investors 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 bought a new stake in USCF Midstream Energy Income Fund (NYSEARCA:UMIFree Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,734 shares of the company’s stock, valued at approximately $243,000. Flow Traders U.S. LLC owned 0.06% of USCF Midstream Energy Income Fund at the end of the most recent quarter.

USCF Midstream Energy Income Fund Company Profile

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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.

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