USCF Dividend Income Fund (NYSEARCA:UDI) Sees Large Decline in Short Interest

USCF Dividend Income Fund (NYSEARCA:UDIGet Free Report) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 31 shares, a decrease of 77.2% from the July 15th total of 136 shares. Based on an average daily trading volume, of 2,508 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On USCF Dividend Income Fund

A hedge fund recently bought a new stake in USCF Dividend Income Fund stock. Kestra Advisory Services LLC acquired a new position in USCF Dividend Income Fund (NYSEARCA:UDIFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,373 shares of the company’s stock, valued at approximately $44,000. Kestra Advisory Services LLC owned about 0.60% of USCF Dividend Income Fund as of its most recent SEC filing.

USCF Dividend Income Fund Price Performance

NYSEARCA UDI traded up $0.10 during trading hours on Friday, reaching $37.44. The company’s stock had a trading volume of 127 shares, compared to its average volume of 2,774. The firm has a fifty day simple moving average of $36.27 and a 200-day simple moving average of $34.95. USCF Dividend Income Fund has a 52 week low of $30.26 and a 52 week high of $37.51. The stock has a market cap of $3.37 million, a P/E ratio of 14.93 and a beta of 0.66.

USCF Dividend Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Monday, July 27th were given a $0.133 dividend. This is an increase from USCF Dividend Income Fund’s previous monthly dividend of $0.07. The ex-dividend date was Monday, July 27th. This represents a c) annualized dividend and a yield of 4.3%.

USCF Dividend Income Fund Company Profile

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The USCF ESG Dividend Income Fund (UDI) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that primarily invests in US exchange-traded, dividend-paying companies that meet the funds financial and ESG criteria. UDI was launched on Jun 8, 2022 and is managed by USCF Advisers.

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