USCF Midstream Energy Income Fund (NYSEARCA:UMI) Sees Large Decline in Short Interest

USCF Midstream Energy Income Fund (NYSEARCA:UMI) was the recipient of a significant decline in short interest in October. As of October 30th, there was short interest totaling 3,802 shares, a decline of 78.0% from the October 15th total of 17,251 shares. Based on an average daily volume of 23,340 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

USCF Midstream Energy Income Fund Price Performance

Shares of UMI stock opened at $58.33 on Thursday. USCF Midstream Energy Income Fund has a fifty-two week low of $48.05 and a fifty-two week high of $64.77. The stock’s 50-day moving average is $59.24 and its two-hundred day moving average is $58.70. The firm has a market cap of $526.72 million, a P/E ratio of 18.78 and a beta of 0.60.

USCF Midstream Energy Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Monday, October 26th were given a $0.0520 dividend. This is a positive change from USCF Midstream Energy Income Fund’s previous monthly dividend of $0.0427. This represents a $0.62 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, October 26th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in USCF Midstream Energy Income Fund stock. Whittier Trust Co. bought a new position in USCF Midstream Energy Income Fund (NYSEARCA:UMI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 41,631 shares of the company’s stock, valued at approximately $2,435,000. Whittier Trust Co. owned about 0.46% of USCF Midstream Energy Income Fund as of its most recent filing with the Securities and Exchange Commission.

USCF Midstream Energy Income Fund Company Profile

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.