USCF Midstream Energy Income Fund (NYSEARCA:UMI) Declares Monthly Dividend of $0.07

USCF Midstream Energy Income Fund (NYSEARCA:UMI) announced a monthly dividend on Tuesday, June 23rd. Shareholders of record on Wednesday, June 24th will be paid a dividend of 0.0661 per share on Friday, June 26th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, June 24th.

USCF Midstream Energy Income Fund Stock Up 1.6%

USCF Midstream Energy Income Fund stock opened at $59.40 on Wednesday. The company’s fifty day simple moving average is $58.68 and its 200-day simple moving average is $55.54. USCF Midstream Energy Income Fund has a 12 month low of $47.74 and a 12 month high of $62.54. The stock has a market cap of $479.36 million, a P/E ratio of 18.78 and a beta of 0.56.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in USCF Midstream Energy Income Fund stock. Flow Traders U.S. LLC bought a new stake in USCF Midstream Energy Income Fund (NYSEARCA:UMI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,734 shares of the company’s stock, valued at approximately $243,000. Flow Traders U.S. LLC owned approximately 0.06% of USCF Midstream Energy Income Fund at the end of the most recent reporting period.

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.