USCF Dividend Income Fund (NYSEARCA:UDI) Short Interest Down 76.9% in June

USCF Dividend Income Fund (NYSEARCA:UDI) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 54 shares, a drop of 76.9% from the May 31st total of 234 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 1,696 shares, the short-interest ratio is presently 0.0 days.

USCF Dividend Income Fund Stock Performance

UDI stock traded down $0.10 during trading on Monday, hitting $35.57. The stock had a trading volume of 677 shares, compared to its average volume of 3,221. The stock has a market cap of $7.83 million, a price-to-earnings ratio of 14.93 and a beta of 0.68. The company’s 50 day moving average price is $34.84 and its two-hundred day moving average price is $33.94. USCF Dividend Income Fund has a 1-year low of $29.59 and a 1-year high of $35.97.

USCF Dividend Income Fund Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, June 26th. Stockholders of record on Wednesday, June 24th were issued a dividend of $0.0734 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from USCF Dividend Income Fund’s previous monthly dividend of $0.05. The ex-dividend date was Wednesday, June 24th.

Hedge Funds Weigh In On USCF Dividend Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the company. Kestra Advisory Services LLC acquired a new stake in USCF Dividend Income Fund during the fourth quarter worth approximately $44,000. Walkner Condon Financial Advisors LLC purchased a new position in shares of USCF Dividend Income Fund during the 4th quarter worth $231,000. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of USCF Dividend Income Fund by 19.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 58,384 shares of the company’s stock worth $1,883,000 after purchasing an additional 9,521 shares during the period.

About USCF Dividend Income Fund

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.