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

by · The Cerbat Gem

USCF Midstream Energy Income Fund (NYSEARCA:UMI – Get Free Report) 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 – Free Report) 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

(Get Free Report)

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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