USCF Midstream Energy Income Fund (NYSEARCA:UMI – Get Free Report) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 10,240 shares, a decrease of 36.7% from the July 15th total of 16,166 shares. Based on an average daily volume of 18,772 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are short sold.
USCF Midstream Energy Income Fund Stock Down 1.2%
Shares of USCF Midstream Energy Income Fund stock opened at $61.52 on Thursday. USCF Midstream Energy Income Fund has a twelve month low of $47.74 and a twelve month high of $64.59. The business has a 50-day moving average price of $60.00 and a 200-day moving average price of $58.53. The firm has a market cap of $515.54 million, a price-to-earnings ratio of 18.78 and a beta of 0.56.
USCF Midstream Energy Income Fund Cuts Dividend
The company also recently declared a monthly dividend, which was paid on Friday, June 26th. Shareholders of record on Wednesday, June 24th were issued a dividend of $0.0661 per share. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date was Wednesday, June 24th.
Institutional Trading of USCF Midstream Energy Income Fund
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.
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