USCF Midstream Energy Income Fund (NYSEARCA:UMI) Sees Large Growth in Short Interest

USCF Midstream Energy Income Fund (NYSEARCA:UMIGet Free Report) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 16,268 shares, an increase of 58.9% from the July 30th total of 10,240 shares. Based on an average daily volume of 15,424 shares, the short-interest ratio is presently 1.1 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Trading of USCF Midstream Energy Income Fund

A hedge fund recently bought a new position in USCF Midstream Energy Income Fund stock. Flow Traders U.S. LLC acquired a new position in shares of USCF Midstream Energy Income Fund (NYSEARCA:UMIFree Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,734 shares of the company’s stock, valued at approximately $243,000. Flow Traders U.S. LLC owned about 0.06% of USCF Midstream Energy Income Fund at the end of the most recent reporting period.

USCF Midstream Energy Income Fund Trading Down 0.3%

NYSEARCA UMI opened at $61.74 on Thursday. USCF Midstream Energy Income Fund has a 12 month low of $47.74 and a 12 month high of $64.77. The stock has a 50 day moving average of $60.55 and a 200-day moving average of $59.07. The company has a market cap of $517.38 million, a PE ratio of 18.78 and a beta of 0.56.

USCF Midstream Energy Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, August 27th. Shareholders of record on Tuesday, August 25th were given a dividend of $0.4573 per share. This represents a c) annualized dividend and a yield of 8.9%. The ex-dividend date of this dividend was Tuesday, August 25th.

USCF Midstream Energy Income Fund Company Profile

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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.

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