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

USCF Dividend Income Fund (NYSEARCA:UDIGet Free Report) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 234 shares, a decline of 48.2% from the May 14th total of 452 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 535 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new position in USCF Dividend Income Fund during the fourth quarter valued at approximately $44,000. Walkner Condon Financial Advisors LLC acquired a new position in USCF Dividend Income Fund during the fourth quarter valued at approximately $231,000. Finally, Envestnet Portfolio Solutions Inc. lifted its position in USCF Dividend Income Fund by 19.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 58,384 shares of the company’s stock valued at $1,883,000 after buying an additional 9,521 shares in the last quarter.

USCF Dividend Income Fund Price Performance

UDI stock traded up $0.38 during midday trading on Friday, reaching $35.97. 1,515 shares of the company’s stock traded hands, compared to its average volume of 3,459. The company has a market capitalization of $7.91 million, a P/E ratio of 14.93 and a beta of 0.68. USCF Dividend Income Fund has a fifty-two week low of $29.17 and a fifty-two week high of $35.97. The business has a 50-day moving average price of $34.61 and a two-hundred day moving average price of $33.66.

USCF Dividend Income Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Friday, May 22nd were given a dividend of $0.0502 per share. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, May 22nd.

USCF Dividend Income Fund Company Profile

(Get Free Report)

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.

Further Reading

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