USCF Midstream Energy Income Fund (NYSEARCA:UMI – Get Free Report) was the target 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. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 17,573 shares, the short-interest ratio is currently 0.9 days.
USCF Midstream Energy Income Fund Stock Performance
USCF Midstream Energy Income Fund stock traded up $1.08 during trading on Monday, hitting $60.85. The company’s stock had a trading volume of 5,709 shares, compared to its average volume of 35,071. The stock’s fifty day moving average is $59.38 and its 200 day moving average is $56.37. USCF Midstream Energy Income Fund has a 1-year low of $47.74 and a 1-year high of $62.54. The stock has a market capitalization of $502.62 million, a price-to-earnings ratio of 18.78 and a beta of 0.56.
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 issued a $0.0661 dividend. The ex-dividend date was Wednesday, June 24th. This represents a c) annualized dividend and a yield of 1.3%.
Institutional Inflows and Outflows
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.
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