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

USCF Midstream Energy Income Fund (NYSEARCA:UMI) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 10,240 shares, a drop of 36.7% from the July 15th total of 16,166 shares. Based on an average trading volume of 18,772 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

USCF Midstream Energy Income Fund Trading Down 1.2%

NYSEARCA UMI traded down $0.75 during mid-day trading on Wednesday, reaching $61.52. 3,918 shares of the company’s stock traded hands, compared to its average volume of 31,750. USCF Midstream Energy Income Fund has a 1-year low of $47.74 and a 1-year high of $64.59. The company has a fifty day simple moving average of $59.96 and a 200-day simple moving average of $58.47. The company has a market cap of $515.54 million, a price-to-earnings ratio of 18.78 and a beta of 0.56.

USCF Midstream Energy Income Fund Cuts Dividend

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

Institutional Trading of USCF Midstream Energy Income Fund

A hedge fund recently bought a new stake in USCF Midstream Energy Income Fund stock. Flow Traders U.S. LLC bought a new position in USCF Midstream Energy Income Fund (NYSEARCA:UMI) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 reporting period.

USCF Midstream Energy Income Fund Company Profile

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.