USCF Dividend Income Fund (NYSEARCA:UDI) Short Interest Down 89.3% in April

USCF Dividend Income Fund (NYSEARCA:UDI) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 124 shares, a decrease of 89.3% from the April 15th total of 1,155 shares. Based on an average trading volume of 6,143 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of USCF Dividend Income Fund

Hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC purchased a new stake in shares of USCF Dividend Income Fund during the 4th quarter worth $44,000. Walkner Condon Financial Advisors LLC purchased a new stake in shares of USCF Dividend Income Fund during the 4th quarter worth $231,000. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of USCF Dividend Income Fund by 7.7% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 48,863 shares of the company’s stock valued at $1,535,000 after buying an additional 3,486 shares during the last quarter.

USCF Dividend Income Fund Stock Up 0.6%

NYSEARCA:UDI traded up $0.21 during mid-day trading on Thursday, reaching $34.36. The company’s stock had a trading volume of 3,706 shares, compared to its average volume of 3,976. USCF Dividend Income Fund has a 1 year low of $28.77 and a 1 year high of $34.94. The stock has a fifty day moving average of $34.08 and a 200-day moving average of $33.04. The firm has a market capitalization of $7.56 million, a PE ratio of 14.93 and a beta of 0.69.

USCF Dividend Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 27th. Investors of record on Wednesday, March 25th were paid a $0.1214 dividend. This represents a c) dividend on an annualized basis and a yield of 4.2%. This is a boost from USCF Dividend Income Fund’s previous monthly dividend of $0.02. The ex-dividend date of this dividend was Wednesday, March 25th.

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.