USCF Dividend Income Fund (NYSEARCA:UDI) Short Interest Update

USCF Dividend Income Fund (NYSEARCA:UDI) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 136 shares, a growth of 61.9% from the June 30th total of 84 shares. Based on an average daily trading volume, of 313 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

USCF Dividend Income Fund Stock Up 0.1%

Shares of UDI traded up $0.03 during mid-day trading on Friday, hitting $36.91. The stock had a trading volume of 913 shares, compared to its average volume of 2,939. The company has a market cap of $3.32 million, a PE ratio of 14.93 and a beta of 0.67. The company’s fifty day simple moving average is $35.84 and its two-hundred day simple moving average is $34.65. USCF Dividend Income Fund has a fifty-two week low of $29.59 and a fifty-two week high of $37.51.

USCF Dividend Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Monday, July 27th were issued a $0.133 dividend. This is a boost from USCF Dividend Income Fund’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Monday, July 27th.

Institutional Trading of USCF Dividend Income Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new stake in shares of USCF Dividend Income Fund during the fourth quarter worth $44,000. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of USCF Dividend Income Fund by 19.5% in the 4th 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 during the period. Finally, Walkner Condon Financial Advisors LLC bought a new stake in shares of USCF Dividend Income Fund during the 4th quarter valued at about $231,000.

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.