USCF Midstream Energy Income Fund (NYSEARCA:UMI) Short Interest Down 51.3% in August

USCF Midstream Energy Income Fund (NYSEARCA:UMI) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 7,926 shares, a drop of 51.3% from the August 15th total of 16,268 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 22,457 shares, the short-interest ratio is presently 0.4 days.

USCF Midstream Energy Income Fund Stock Performance

NYSEARCA UMI traded down $0.33 during trading on Wednesday, reaching $59.55. 14,542 shares of the company traded hands, compared to its average volume of 30,997. The stock’s 50 day moving average price is $60.90 and its two-hundred day moving average price is $59.36. The company has a market cap of $535.89 million, a price-to-earnings ratio of 18.78 and a beta of 0.57. USCF Midstream Energy Income Fund has a 1-year low of $47.74 and a 1-year high of $64.77.

USCF Midstream Energy Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Thursday, August 27th. Investors of record on Tuesday, August 25th were paid a $0.4573 dividend. The ex-dividend date of this dividend was Tuesday, August 25th. This represents a c) annualized dividend and a yield of 9.2%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in USCF Midstream Energy Income Fund stock. Mosaic Family Wealth Partners LLC bought a new position in USCF Midstream Energy Income Fund (NYSEARCA:UMI) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 17,717 shares of the company’s stock, valued at approximately $1,038,000. Mosaic Family Wealth Partners LLC owned about 0.22% of USCF Midstream Energy Income Fund as of its most recent filing with the Securities and Exchange Commission.

About USCF Midstream Energy Income Fund

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.