Short Interest in USCF Midstream Energy Income Fund (NYSEARCA:UMI) Drops By 70.7%

USCF Midstream Energy Income Fund (NYSEARCA:UMIGet 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

An institutional investor recently bought a new position in USCF Midstream Energy Income Fund stock. Flow Traders U.S. LLC bought a new position in USCF Midstream Energy Income Fund (NYSEARCA:UMIFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

About USCF Midstream Energy Income Fund

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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.

Further Reading

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