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

USCF Midstream Energy Income Fund (NYSEARCA:UMI) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 10,240 shares, a drop of 36.7% from the July 15th total of 16,166 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 18,772 shares, the days-to-cover ratio is currently 0.5 days.

USCF Midstream Energy Income Fund Stock Performance

NYSEARCA:UMI traded up $1.14 during mid-day trading on Tuesday, reaching $62.27. The stock had a trading volume of 8,811 shares, compared to its average volume of 31,932. The firm has a 50 day moving average price of $59.88 and a two-hundred day moving average price of $58.40. The stock has a market capitalization of $521.82 million, a P/E ratio of 18.78 and a beta of 0.56. USCF Midstream Energy Income Fund has a one year low of $47.74 and a one year high of $62.99.

USCF Midstream Energy Income Fund Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, June 26th. Investors of record on Wednesday, June 24th were given a dividend of $0.0661 per share. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date was Wednesday, June 24th.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in USCF Midstream Energy Income Fund stock. Mosaic Family Wealth Partners LLC bought a new stake 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 and Exchange Commission (SEC). The fund bought 17,717 shares of the company’s stock, valued at approximately $1,038,000. Mosaic Family Wealth Partners LLC owned 0.22% of USCF Midstream Energy Income Fund as of its most recent filing with the Securities and Exchange Commission (SEC).

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.