USCF Dividend Income Fund (NYSEARCA:UDI) Short Interest Down 71.0% in August

USCF Dividend Income Fund (NYSEARCA:UDI) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 9 shares, a decrease of 71.0% from the July 30th total of 31 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 400 shares, the days-to-cover ratio is currently 0.0 days.

USCF Dividend Income Fund Stock Performance

UDI stock traded up $0.12 during midday trading on Friday, reaching $37.24. The company’s stock had a trading volume of 131 shares, compared to its average volume of 2,629. USCF Dividend Income Fund has a 1 year low of $30.26 and a 1 year high of $37.74. The firm has a market capitalization of $3.35 million, a price-to-earnings ratio of 14.93 and a beta of 0.66. The stock has a fifty day simple moving average of $36.63 and a two-hundred day simple moving average of $35.22.

USCF Dividend Income Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 27th. Investors of record on Tuesday, August 25th were issued a dividend of $0.0474 per share. The ex-dividend date was Tuesday, August 25th. This represents a c) dividend on an annualized basis and a yield of 1.5%.

Hedge Funds Weigh In On USCF Dividend Income Fund

A hedge fund recently raised its position in USCF Dividend Income Fund stock. Envestnet Portfolio Solutions Inc. grew its stake in shares of USCF Dividend Income Fund (NYSEARCA:UDI) by 19.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,384 shares of the company’s stock after acquiring an additional 9,521 shares during the period. Envestnet Portfolio Solutions Inc. owned about 25.38% of USCF Dividend Income Fund worth $1,883,000 at the end of the most recent quarter.

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.