USCF Midstream Energy Income Fund (NYSEARCA:UMI) Sees Significant Growth in Short Interest

USCF Midstream Energy Income Fund (NYSEARCA:UMI) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 43,585 shares, an increase of 844.4% from the April 30th total of 4,615 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 19,829 shares, the short-interest ratio is presently 2.2 days.

USCF Midstream Energy Income Fund Trading Down 1.7%

NYSEARCA:UMI opened at $57.67 on Friday. The business’s 50-day moving average is $58.59 and its 200 day moving average is $54.47. USCF Midstream Energy Income Fund has a 12 month low of $47.74 and a 12 month high of $62.54. The company has a market capitalization of $465.40 million, a P/E ratio of 18.78 and a beta of 0.58.

USCF Midstream Energy Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 22nd were given a $0.4761 dividend. This is a boost from USCF Midstream Energy Income Fund’s previous monthly dividend of $0.18. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date was Friday, May 22nd.

Hedge Funds Weigh In On USCF Midstream Energy Income Fund

A hedge fund recently bought a new stake in USCF Midstream Energy Income Fund stock. Mosaic Family Wealth Partners LLC acquired a new position in shares of USCF Midstream Energy Income Fund (NYSEARCA:UMI) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 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 at the end of the most recent reporting period.

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.