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

USCF Midstream Energy Income Fund (NYSEARCA:UMI) was the recipient of a significant decline in short interest in the month of 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. Based on an average daily volume of 17,573 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.2% of the company’s shares are sold short.

USCF Midstream Energy Income Fund Price Performance

UMI stock traded down $0.35 on Friday, hitting $59.77. 19,077 shares of the company were exchanged, compared to its average volume of 35,298. The stock has a market capitalization 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 twelve month low of $47.74 and a twelve month high of $62.54. The business’s fifty day moving average is $59.38 and its two-hundred day moving average is $56.37.

USCF Midstream Energy Income Fund Cuts Dividend

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

Institutional Inflows and Outflows

An institutional investor 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:UMI) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,734 shares of the company’s stock, valued at approximately $243,000. Flow Traders U.S. LLC owned about 0.06% of USCF Midstream Energy Income Fund at the end of the most recent quarter.

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.