USCF Midstream Energy Income Fund (NYSEARCA:UMI) Stock Short Interest Report for September
by Kim Johansen · The Markets DailyUSCF Midstream Energy Income Fund (NYSEARCA:UMI – Get Free Report) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 25,473 shares, an increase of 124.0% from the September 15th total of 11,374 shares. Based on an average daily trading volume, of 46,839 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are short sold.
Institutional Investors Weigh In On USCF Midstream Energy Income Fund
An institutional investor 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 – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,717 shares of the company’s stock, valued at approximately $1,038,000. Mosaic Family Wealth Partners LLC owned about 0.22% of USCF Midstream Energy Income Fund as of its most recent filing with the Securities and Exchange Commission (SEC).
USCF Midstream Energy Income Fund Price Performance
UMI traded down $0.85 during trading on Thursday, reaching $58.09. 5,258 shares of the stock were exchanged, compared to its average volume of 31,569. USCF Midstream Energy Income Fund has a 1 year low of $47.74 and a 1 year high of $64.77. The business’s 50 day moving average price is $59.97 and its two-hundred day moving average price is $59.43. The company has a market capitalization of $515.86 million, a price-to-earnings ratio of 18.78 and a beta of 0.61.
USCF Midstream Energy Income Fund Cuts Dividend
The firm also recently declared a monthly dividend, which was paid on Monday, September 28th. Shareholders of record on Thursday, September 24th were issued a $0.0427 dividend. This represents a $0.51 annualized dividend and a dividend yield of 0.9%. This is a drop from USCF Midstream Energy Income Fund’s previous monthly dividend of $0.4573. The ex-dividend date of this dividend was Thursday, September 24th.
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.